AlgoVenture

EURUSD: Rebound on Gartley

Lång
FX:EURUSD   Euro / USA-dollar
EURUSD continued to recover from the month loss after forming a Gartley pattern and rebounded off from a 2-week demand zone.
The rebound is still seemingly below moderate but higher lows have helped the price to remain a bullish structure.
German CPI was just confirmed to perform at a 5-month high and could help to boost EURUSD later.
Traders can wait for a pullback towards 1.1130 for re-entry of buy.
Current targets are 1.1187 and 1.1220, final target at 1.1285.
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