The EU has been dominated by the bears since its last tested high at 1.2413. With such a drastic fall, I am expecting a retracement back to the 1.200 psychological levels. With the formation of a pinbar on the daily chart I am expecting a pullback which would create the right side of a head & shoulder pattern where I would look to enter a long position.
Buy Limit Order 1.1745
s/l @ 1.1710
t/p @ 1.1945
Buy Limit Order 1.1745
s/l @ 1.1710
t/p @ 1.1945