During the previous trading day on Friday, instead of continuing short as previously forecasted and even broke above a key daily Resistance level 1.2019. This is a possible bullish dominance signal and as long as the level 1.2019 protects the lower side, we expect a possible bullish price movements towards 1.2491 or even higher. The anticipated bullish price movement is the continuation of the impulsive wave (5) to the upper side with an ultimate target at 1.25. If you're a bit skeptic to buy this pair now, you could wait for a bearish pullback towards 1.2019 to buy this pair. This pair has a very strong positive correlation of up to +63% with EURHKD and EURSGD and will move in the same direction today.
Trade Recommendations:
Rebuy euro around 1.2019 with your target at 1.2491
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