EURUSD bulls will have a comeback

The euro had to lose a lot of ground against the USD during the week. It is currently stabilising at just above USD 1.11.

We are opening a long position with two take profits:
The first target is at 50% of the downward movement, the second target is in the area of the recent highs.
We place the stop loss a little below the round mark of 1.11 USD.