EU is in a up trend
Chart below
Price has pulled back to the 50% Fibonacci level. Price has now broken back up creating a Higher High.
Chart below:
Price is now back above the averages and I am looking for a long position with the trend.
Levels and Chart below:
1st Entry: 1.2975
2nd Entry: 1.2960
Averaged Entry: 1.2968
Stop Loss: 1.2935
Target: 1.3135 (5%) and Resistance
PS. if this stops I will look to play the head and shoulders pattern back down through the neck line at 1.2875
I will update again if and when the trade is triggered.
Regards
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