Price on 
EURUSD has made a Pennant Breakout to the upside!
Next we will want to see a Retest to the Breakout of the Pattern and if successful, should be the Support Bulls need to take Price Higher!
The Late July Highs, last visited on July 27th @ 1.1770, will be the Price Target if the Breakout is Validated and Retest is Successful.
This week there is some heavy hitting news for the USD with CPI on Tuesday, PPI on Thursday and Retail Sales and Empire State Manufacturing (being forecast more bearish of all news) on Friday.
EURUSD has made a Pennant Breakout to the upside!Next we will want to see a Retest to the Breakout of the Pattern and if successful, should be the Support Bulls need to take Price Higher!
The Late July Highs, last visited on July 27th @ 1.1770, will be the Price Target if the Breakout is Validated and Retest is Successful.
This week there is some heavy hitting news for the USD with CPI on Tuesday, PPI on Thursday and Retail Sales and Empire State Manufacturing (being forecast more bearish of all news) on Friday.
Trade active
Price is currently Retesting the Breakout of the Pennant Pattern!
Long Entry @ 1.1652
SL @ 1.1628
TP @ 1.1770
Trade closed: stop reached
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Keep It Current,
With Novi Fibonacci!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Keep It Current,
With Novi Fibonacci!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.