EURUSD could be aiming for 1.12800

Using the last strong retracement from August 2018 as a fractal, we could see EURUSD going up to 1.12800 and touching the top of the channel.

Will enter a buy trade after retracement to 1.10.

Trade closed: target reached

This happened a lot faster than anticipated. My next target is 1.05-1.06

Note

Actually, considering the big move up, maybe there will be a second leg. 1.10 and 1.09 are still good levels to watch in this scenario.

Either way, 1.05-1.06 is my bigger target for EURUSD

shiftpark

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