Euro / U.S. DollarShort
EUR/USD long for 120 pips
This pair reacted off a monthly level to see a weekly pinbar form. This is also a bullish daily fib play with prices rejecting the 61.8 level which is confluent with the key monthly 1.0510 level. I'm expecting prices to pullback to the highlighted area before continuing its leg higher. I am looking for around 120 pips (1st target) for 1:3 risk/reward
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.