Long EURUSD on close above 23.6% fibonacci line

After EUR hit our downside target of low 1.13 on European Central Banks press conference where Mario Draghi emphasized the negative outlook for growth prospects with Germany and France data souring. Pair now bouncing off downside support dating back to November and trading around 23.6% fibonacci support line.

Looking for a bounce higher to 1.15 area after market had priced in potential confirmation of TLTRO being announced at todays meeting (a form of Quantitative Easing for the banking sector)

Commentaire:

multiple take profits hit, stop loss moved up to secure profit

Trade fermée: cible de profit atteinte:

Targets reached