EURUSD pair in forex has is very popular, as I see these days it has become highly predictable with technical analysis. As I see the charts I feel that EURUSD is now beginning a new up trend as it has bounced from 1.2050 to 1.29 about 900 pips rally in 3 months. If I see the daily chart the pair is already trading above the 200 days SMA, In this case I will be only looking for buying opportunities in this currency using slow stochastic indicator. My positional target will be 1.30 and then 1.3155 level, more over I will be placing the stop loss just below the recent swing low on the 4 hour chart.
Technical s: Euro is supported by a trend-line on the daily chart. Also the series of higher tops – higher bottoms narrates us the uptrend story.