EUR USD ON A BULL RUN

٢٧ أغسطس

Eur usd managed to break 1.1 with market expectation of US dollar being on a rate cut trip. This break created good support at 1.08 - 1.1 area if there will be any correction and if not the road continues towards 1.2 area. Key rates to watch for will be 1.15 and 1.175 as previously sell orders were placed there in the previous bull run but in a few months Eur usd can be sitting near 1.2 area if feds continue as they announced.
Stop loss below 1.08
First take profit can happen at 1.15 area but main take profit at 1.2 area