We are currently at a critical point on the Euro/USD, Two optional scenarios
1.the Euro will cross the support in the above chart and then the fall will be very long 500-700 pips In such a situation we recommend to be only with a Sell position until the next support located 1.05,
2. The second scenario is a stop of the fall of the euro at about the above price then pull back to the resistance 1.15 230 pips from the price now (1.1265)
Since we are right at the bottom of the price our recommendation will be buying the Euro with a relatively Stop Loss 1.1180
Buy EUR/USD
Entry Price:1.1250-1.1270
stop Loss:1.1180
Take Profit: 1.1500
1.the Euro will cross the support in the above chart and then the fall will be very long 500-700 pips In such a situation we recommend to be only with a Sell position until the next support located 1.05,
2. The second scenario is a stop of the fall of the euro at about the above price then pull back to the resistance 1.15 230 pips from the price now (1.1265)
Since we are right at the bottom of the price our recommendation will be buying the Euro with a relatively Stop Loss 1.1180
Buy EUR/USD
Entry Price:1.1250-1.1270
stop Loss:1.1180
Take Profit: 1.1500
Comment:
We are still waiting to see where he will go :)