On the EUR/USD daily chart, prices approached to the convergence zone located at 1.0818-1.0825. If it is broken out, there will be a corrective movement towards 1,093 (61.8% level of the last descending wave).
As long as the euro is above 1.0705, the bulls will be maintaining their control over the pair.
On the EUR/USD hourly chart, a successful test of the resistance at 1.0805 will open the way towards the 1.093 level. There is a 200% target in the AB = CD pattern. The key supports are located at 1,075-1,076.
Recommendation: BUY 1,0805 SL 1,075 TP 1,093.
Origin: FX BAZOOKA
