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Going Long on the Euro-USD for FX:EURUSD by Raul_Dominguez


Going Long on the Euro-USD for FX:EURUSD by Raul_Dominguez

EURUSD

Nice hammer candle today. The trend is up; the trend is your friend. And it seems like it can continue climbing all year to finish its 5th wave impulse, which looks like it is going to be an ending diagonal triangle.

Fed will continue to lower interest rates, which would support the rise of the Euro against the US Dollar.

Going long here with target at $1.22 USD. Stop $1.16 USD. It may take several weeks to reach the target.

Good luck to you.

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