EURUSD Analysis: There is potential for Long trades
Hello everyone, as you can see from the chart EURUSD is consolidating in a Trend line support area.
So there is a good chance that EURUSD might find support in the 1.1080 zone and start the next leg upwards.
If the price action in lower time frame shows Bullishness, we can look for Buy entries around the 1.1075-1.11 zone.
We can take profit(TP) at 1.1170 and 1.1250 if it gets there.
This is a low-risk set-up and we can put our SL below 1.1060.
So there is a good chance that EURUSD might find support in the 1.1080 zone and start the next leg upwards.
If the price action in lower time frame shows Bullishness, we can look for Buy entries around the 1.1075-1.11 zone.
We can take profit(TP) at 1.1170 and 1.1250 if it gets there.
This is a low-risk set-up and we can put our SL below 1.1060.
