EUR/USD getting close to target after tariffs rebound...

The EUR/USD has rebounded nicely from two weeks prior when we gapped down pretty significantly after tariffs were announced. The original observation was bullish after identifying a bullish pattern (Descending Megaphone) alongside MACD divergence.

We're stalling at the moment around 1.0500 and I don't expect any further movement throughout the day considering it's a U.S. market holiday however, I'm continuing to hold on to my long position and eying an exit at 1.0600 which is where the yearly pivot point is located.

If we do get to see the 1.0600 price, I will be evaluating short positions somewhere in this zone. We'll see how the remainder of this week develops and go from there.

Good Luck & Trade Safe.