After an enormous up from last week, the EURUSD pair still moving with the good health.
As I said in the last update the EURO recovering from the massive fall. We can map the recovery path in the chart.
As for now, the signals landed at 1.16641 (shown in the graph).
By the impact of an impulse(1.18259) the momentum appeared with the combination of impulse and corrections.
At 1.17153, an impulse formed in the downtrend and I believe this action is in order to gather power for a bullish move.
However, there is a chance for three probabilities.
The chart may print the signals as a direct impulse from the current price action.
Or else a correction in the bear ground and an impulse towards up.
If it correction and impulse mean, the forming of impulse point will differ.
Have a close look on the chart and decide your trade.
Pending entry 1: 1.15996
Pending entry 2: 1.15669
Take profit: 1.17947
Stop loss: 1.15348
Risk Vs Reward:1.01
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