This week is impacted by Macro news of Trade War between US and China. This has some negative impact on USD. Long EURUSD seems to be the macro bias.
A good opening to long will be after some retracement during the start of the week, at around 1.1600 level (ARIMA L90, VSA White)
After the Long trade, TP points are ARIMA U90 levels. Total of 5 TP points for the week.
Thus this week’s EU trade is characterised by a U-turn up. and ARIMA is a good tool to capture this type of opportunity, with VAR directional indicator as a guide on directional timing.