EU is in a medium term up trend.
Price has pulled back to the 61.8% Fibonacci level and is supported above 1.2800
Chart below:
Price has today broken up through the averages and I am looking for a long position as detailed below.
1st Entry: 1.2900
2nd Entry: 1.2890
Averaged Entry: 1.2995
Stop Loss: 1.2870
1st Target: 1.3020
2nd Target: 1.3170
I will update again should the trade be triggered.
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