Incredibly low risk entry on the EURUSD

30 mag 2022

With the break of the 50 MA and the current resistance (now support), there is much to like about this trade. EURUSD has a memory like an elephant, remembering these old levels... And as the dollar (DXY) is trading inverse to the SP500 (which is getting stronger) there is reason to believe that the EURUSD is poised to make a break for higher ground.

This makes for low-risk/high-reward trade opportunity.