EURUSD
8/25/2017: We saw massive bullish engulfing on the Weekly and Daily Close indicating more upward momentum. This move was partially due to news, so i am expecting a retrace and at minimum a retest of 1.18240. The structure of the Fib set almost two weeks ago still remains intact. We are still trying to take out key support level of 1.19320 which was test and rejected during the friday push. This pair is a good example of we I do not counter trend trade. I know there were many people betting on EU falling without much technical or fundamental support for that theory. I hope they had stop losses in place as that was a 125 PIP push.
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