EUR USD - Hitting old High and beyond
Updated
Euro/USD has created several bull flags in the last weeks and shows very strong bullishness. Because of the strength of the trend I think that the sideways correction is now over and we will hit the old high at 1.20 again, then a little bit sideways and then breakout with targets at 1.25 and more. This Idea can take half a year or so.
Trade active
Trade active above Bulllflag with SL around 1.17Trade active
Already reached new high at 1.214 today, trade active with target 1.25.Note
Already hitting 1,23, now little correction would be good to let the indicators cool down, then up again with the next move to 1,25. Trade idea works faster then expected :-)Trade closed: target reached
Target reached in just 5 weeks. Trade closed
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