EUR/USD gets bullish on weak dollar

2020-01-08 00:12:57

COT reports showing change of uptrend for Dollar. We expect downtrend for DXY.
EUR/USD trades inside up trend channel and we want to see the next impulse to the upside soon.

Best entry is at the 200 EMA 1.110 price level, still we can start longing the pair already.

First target is 1.123 found at previous high. On the longer term we still have a bullish view on the pair, price target for next month is 1.128 found at the -27 Fib level of previous leg.

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