EUR/USD – No clear indication that the rally is over

Ian Coleman FXStreet

I have two upside targets.

A clear break of 1.1882 (without a sustained dip to the downside first) and the prime target is 1.2028-1.2051. This would then form a bearish Crab pattern.

A rejection of 1.1882 but holding the low of 1.1745 and the target levels becomes 1.1967. This would then form a bearish Butterfly.

US Retail Sales is likely to be the key on a break of rejection. https://www.fxstreet.com/economic-calendar.

Author

Ian Coleman

FXStreet

Ian started his financial career at the age of 18 working as a Junior Swiss Broker at Godsell Astley and Pearce (London). He quickly moved through the ranks and was Desk Manager at RP Martins at the age of 29.

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