EURUSD LONG TRADE SETUP

4 giu 2020

The 1 hour is up against 1.0868 low. Near-term, while dips remain above 1.0868 low expect pair to extend higher for few more highs before it finished correcting the cycle from 3/09/2020 peak in a zigzag structure & resume the downside. We prefer selling the bounce in 3, 7 or 11 swings at the extreme area when seen ( see 4hr chart).

Short term Trade
Long @1.1180-50

Target: 1.1300
Stop loss: 1.1120

Good luck !