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Currency analyst

EUR/USD: bulls set a trap

On the EUR/USD daily chart, there was another test of the lower boundary of the triangle. If "bears" manage to attack the support, the quotes may fall down to the 1.1055 (target 127.2% of the pattern AB = CD), 1,104 (78.6% Fibonacci retracement level of XA wave) and 1.1 (target 88.6% of the "Shark" pattern) marks. 

On the EUR/USD hourly chart, if "bears" fail to test the lower boundary of the downward trade channel, "bulls" may сounterattack once they fullfil the target 161,8% of the "Three Indians" pattern.

Recommendations:

BUY 1,1055 SL 1,1 TP1 1,1160 TP2 1,1205

BUY 1,1 SL 1,0945 TP1 1,116 TP2 1,1205.

EUR
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