EUR/USD Forecast: Long then short

Here is an update on EUR/USD

RECAP:

In our previous analysis EUR/USD was trading @ 1.18700
We were bullish on the pair and expected the pair to test resistance @ 1.19500
however the pair was limited to 1.19140 before falling back to 1.18700
We had Buy Stop orders @ 1.18800 & TP @ 1.19 which was hit enabling us to bank
400 pips on the pair

WHAT TO EXPECT:

We are still bullish on the pair and still expect it to test resistance @ 1.19500
From there the pair will either fall back to 1.18 or continue its uptrend & test next
resistance at 1.20

OUR POSITIONS:

Buy Stop @: 1.19
Buy Stop TP @: 1.19200
Sell Stop @: 1.18600
Sell Stop TP @: 1.18400

Link to previous analysis below

Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.