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On Thursday, the EURUSD broke through the long-term lows of 1.1130 and 1.1110. However, it sharply turned up and approached the key level upwards of 1.1190 at the end of the day.
On Friday morning, the euro broke through the level of 1.1190.
This is a strong signal for an upward turn, and perhaps a signal for an upward trend.
We need to look at the closing of the day - in the case of closing above 1.1190 - the probability of an upward trend will increase.
We buy from 1.1190 with a target of 1.2000.
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