EUR/USD what's next ? analysis shows a target around 1.20

23 Jul 2017

Dear All,

The EUR/USD currency is since Feb 2017 in a uptrend channel. Last week, the currency hit the border of the channel for the 4th time with always around 400 pips higher than the previous hit !

What to expect, the USD currency is on the downtrend channel, and no indication of a change is foreseen.

I advise you to go short now until the signal reached the other side of the channel, and then go long with a target around 1.20

for those who want to make some profits in the short phase; SL 1.1730. Entry around 1.1640 and TP around 200-300 pips expected.

Trade safe and stay tune.

JP