After taking out an area of buy-side liquidity, EURUSD fell into a multi-day consolidative range - today it broke to the upside.
Now, EURUSD remains bullish. I'm looking for a pullback to this area (1.22305) where I'll be looking to take a long position with my take profit at the monthly swing high.
Commitment of Traders data report states that EURO is extremely bullish & dollar is extremely bearish; hence, supporting a EURUSD long bias.
I'll be looking to scale out at multiple points in this trade.