EURUSD SKACAPITAL

Our psychological target for EURUSD is 1.2000. However, for this week we are looking bullish to levels 1.1200-1.1300 then eventually 1.1400. However, to find the best possible entry we have dropped down to the smaller time frames. If price breaks above 1.11350 on the opening of the market then we are looking to go long to our first target of 1.1200 with a stop loss of around 1.1100. If price breaks below 1.1100 then there is a very high possibility of price reaching 1.10500-1.10400. We would then look to go long from this level to our targets 1.1200-1.1300 with a stop loss of around 1.1000. So please watch the candlestick formations.