EURUSD: WILL EURO COME TO ACTION AGAIN?-BULLISH

The EURJPY Pair moving in a possible resistance throwback zone.

In the chart, after a fall for euro in last week the pair been in a downtrend for a while.

At 1.15195, the market formed an impulse in order to save the pair from down.
That impulse reversed the trend from down.

Besides, after the huge fall for euro, the market moved constantly in sideways (consolidation) to overcome the fall.

The movement in consolidation stabilizing the pair from more down.

In an hour time frame, the chart printing the signals at 1.16391

By the facts, I'm expecting an impulse to reach the top.

Due to the consolidation factor, the signal may hit a target as an impulse at 1.17194

Or else end the trade at next low point at 1.15965

HAPPY TRADING.

SIGNAL SPECIFICATION:

Pair: EURUSD

Order: BUY

Entry:1.16391

Take profit: 1.17194

Stop loss:1.15965

Risk Vs Reward:1.88

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