Currency: EUR/USD
Trend Expected Direction: Uptrend
Method: Fibonacci retracement, Support and Resistance points.
Description: the EUR/USD reached the highest price since the 1st of August . if we take a look at the Fibonacci for the last uptrend , we can notice that the currency pair is moving towards the 23.6% and 38.2% level that represent Support points and creates an opportunity to go long.
Action: Best action is to buy between 1.3050 and 1.3095 .
Target Area: first target 1.3160.
Stop Loss: 1.3000 .
