In a daily time frame, EURUSD ready to strike the 7-weeks old high. The pair is likely to gather potential for the up run, an Impulse formation from the current trend could fetch the 1.17676 this action can challenge the bears.
Also, the pair's recovery after the 1.14881 has a high probability to keep the long run.
On the contrary, if the price range starts to decline from the uptrend wait for a reversal from the downtrend. Or else, end the trade @ 1.11814.
SIGNAL SPECIFICATION
Entry: 1.13498
Take profit: 1.17676
Stop loss: 1.11814
R/R: 2.48
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Happy trading.
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