EUR/USD seems to be completing an ABC pattern. We are watching both the 38.2% and 50% retracement as they are near Monthly Support 1.1660 which is holding well. If these retracement levels hold this will launch price to a new high territory near D1 Target 1.3150. We can expect price to hault as there as we will be at a Monthly Resistance level of1.3200.
If these retracement levels hold activae a buy order and place stop loss on 4HR/2Hr chart 10-15 pips above Resistance
line 78.6% with a take profit of 10-15 pips before D1 Target.