EURUSD idea

٢٤ مايو ٢٠١٦

As you can see, price is in an uptrend and now in proximity to a .618 fib/trendline/demand confluence zone. I see the last down move as a correction and trend is likely to resume which a strong (lower timeframe) bullish rejection candle will confirm.First target will be the zone between previous high at 1.1378 to the psychological level 1.14 which price held down for quite some time. In case price breaks trendline below demand, the way is open to the previous low at 1.0825, but buys are way more in my favour. Good luck