I Expect An EUR/USD Rally To 1.1850

The pair dropped from 1.17905 (9^th July 2018) to 1.16126 (13^th July 2018) within the frame of the wave B of the correction>>>

At the end of the trading session on Friday two things became noticeable:

First of all, the pair rebounded from the support at 1.16126, there by marking a new upward trend channel without a doubt.

Second, when the trading session closed, the pair had formed a clear pin bar on the D1 time frame.

Those two unambiguous signals make me think that EUR/USD will continue rallying first toward 1.1750 and then toward the resistance trend line around 1.1850.

I think the move upward will continue as a correction, but prognoses about that will be possible once the pair reaches its target this week.