We saw more than 600pips rally in EUR/USD last week and it was quite strong after the NFP data release. So we are expecting this rally to continue upto its next resistance 1.375. So we will be looking for buying opportunities as long as the pair holds above 1.3515 level. Also we may witness high volatility in other cross pairs.
As per our analysis we recommend you to place long orders in EUR/USD near 1.358 for weekly target of 1.375 and 1.387 in extension. Also place protective stop loss near 1.3510 level.
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