EURUSD looks (much) higher

ProFXTrader

Junior member
23 2
Market Winning Trade set-ups for 05/17/2015

EURUSD2-5-17.png

Currency Pair: EURUSD
Closing Price: 1.1449
Entry Order: BUY stop @ 1.1467
Stop loss: 1.1419
Take profit: 1.1587

Analysis: This pair has formed a double-bottom price pattern between mid March and Mid-April. Since putting in a bottom this pair has thrust higher. Penetration above Friday's key reversal should propel prices higher. (I see prices going to at least 1.2000 for this pair).
 
 
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