EURUSD - Buy Opportunity

14 nov 2019

Price is currently sitting around the 1.1000 area in which we can see a lot of liquidity. Price action shows a lot of buyer sentiment. We may see multiple retests on the 1.1000 area but we are leaning towards a bullish bias. The technicals support a long position. However, with uncertainty surrounding the dollar, we will manage our risk carefully. We will take positions from the 1.1000 area and we are targeting a yield of 2.00%.