Eur usd touched nearly 1.20000 recently and very quickly returned to 1.18800. This quick move created a doubt in trader’s mind, if it is a beginning of trend reversal or just a correction in the bull run? If we look at the price action at first glance it looks like a correction and should be taken as a profitable opportunity to buy the pair at dips. According to our predictions the pair is taking a breather in the bull run. This correction may be deeper than expected but should be taken as a buy opportunity. The pair is currently trading around 1.18750 at the time of writing. We are buyers in this pair.
DISCLAIMER:- Forex trading involves significant amount of risk, may not suitable for all. However the above information is deemed to be reliable, traders should trade according to their risk and money management.