Hello everyone.
Let’s update everyone on the EUR/USD.
After seeing the bottom last month, we saw a steep rise up followed by a downward channel in December with a recent steep rise up again.
It seems the bullish movement may still have more steam and we’ll see another potential move up here again in the shorter term.
Look for a price target area of 1.3600 and above. We still have not hit the 38.2% Fibo retracement level yet and the 1.3600 price target falls just under the 50% Fibo retracement.
Good luck and happy trading.
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