EUR:USD (30m TF) - Potential Rally onto the Upside

It's Friday, going into our last trading day of the week. For the whole week Euro was dropping and it is time for some corrections, we've made a low of 1.13560 nearly reaching for the mid figure.

We've also tapped into the 88.60% fibonacci level today, and managed to close above it.

USD seems like it's slowing down for the bulls, most likely returning to $96.40.


I'm expecting a strong rally to the upside, potentially going for 50-60 pips.

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Profitable trade, about 60 pips.