Based on S&R levels on both the long-term and short-term view, the price of this pair has been in consolidation since December 2016. From what I can see from the price-action, the price is looking to break out from this pattern soon and dive towards at least the 116 mark, with potential for a drop to the 113 mark if the EUR continues to slide.
With a potential 480+ on the first target price, this seems like a good idea headed into March.
With a potential 480+ on the first target price, this seems like a good idea headed into March.
Trade active
Trade closed: target reached