Following the strong increase prompted by Christine Lagarde's statements earlier this month, EUR/USD fell by 50%, thereby forming a pin bar in the daily chart.
This pattern is bullish, which means that traders should take long positions to gain profit.
The first target can be 1.15, which is the monthly high, while the second and main target is 1.19. The potential movement is roughly 6,000 pips.
This plan is based on the "Price Action" and "Stop Hunting" strategies.
Good luck and have a nice day!
