The EUR/USD may finally be in for a slight recovery which provides for a short-term BUY opportunity. The EUR/USD has reported steady losses on fears of an EU recession while the dollar has benefited from Trump’s trade war tactics and the Fed’s mainly hawkish stance.
After a long term trend lower we could see more profit taking kicking in towards the weekend potentially. We bought at 1.0791 with SL at 1.0781 and TP at 1.0810. Should the market give us also a 4h bullish candle we might even revise our TP higher.