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EUR/USD Trading strategy: Long

Long
FX:EURUSD   Euro / U.S. Dollar
EUR/USD
Trading strategy: Long

Open: 1.1700

Target: 1.1830

Stop-loss: 1.1635 (lowered from 1.1810)

Recommended size: 2.50 mini lots per $10,000 in your account

Short analysis: We've closed our EUR/USD short and switched to long position at 1.1695. EUR/USD bulls seem poised to go higher, scope is growing for gains towards at key 1.1755 Fibonacci level, 23.6% retrace of the 1.2555 to 1.1508 2018 fall. Fourteen-day momentum has turned positive, reinforcing the overall upside bias.

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