On the 1h chart EurUsd has recently broken out of a triangle consolidation pattern. This could signify the end of the corrective move sideways and the resuption of the uptrend. The market already retested the breakout point so its a good momentum trade. A stop loss could be placed just below the point of breakout and a take profit should be placed at a distance of the hight of the triangle at its highest, from the point ofbreakout.
Hope this view helps. Happy holidays everyone!
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