Hey all, well I've noticed some very interesting price action now that the Euro has retraced to the 1.108 area of support. Which if you look back, was an area where buyers stepped into the market with force to push the euro higher after the initial break above 1.0980.
Stops will be placed at the red trendline for a rough risk of 40 pips.
First bullish target is for 1:1 R/R ratio. (Also the first level of resistance 1.113
Second bullish target is for a little over 1:3 R/R (Around the 4 HR chart resistance.
Happy trading all!
Daily Chart:
Stops will be placed at the red trendline for a rough risk of 40 pips.
First bullish target is for 1:1 R/R ratio. (Also the first level of resistance 1.113
Second bullish target is for a little over 1:3 R/R (Around the 4 HR chart resistance.
Happy trading all!
Daily Chart: