Bullish Breakout Possible Pitchfork Pattern
The EUR/USD sits in a great spot to break further to the upside and make new fresh high in May. Will look for a re-test of 1.1380 and if this holds as support early in next week, look for long positions. Place stops below the last swing low at 1.1200 and targets at the 50% Retracement. around 1.1650 - 1.1700. The Technicals looks good for further upside with Stochastics and RSI not yet in overbought territory, This is an indication that prices could break for new highs. Also, have eyes on the Events for next week as well as the NFP on Friday this may give good directions for near-term trend direction. If Price fails to break resistance at 1.1460 -1.1470 The Year long Range could play out.
EURUSD
EURUSD
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