EURUSD - H4 Bounce off Lower Trend Line & 200 SMA

With the current spike down in the EUR across the board, mixed with our longer term view of JPY weakness - this looks like a great set-up. Bouncing off the lower trend line of the bullish channel, off the 200 day SMA with technical and fundamentals pointing towards a retrace.

ENTRY
132.720

STOP LOSS
131.600 - 131.630

TARGETS
133.240
133.750
134.500
135.00

Published on 10/26/17

Trade active

Comment:

The EUR is trying against the JPY - but the sell off in EURUSD is holding it down. We will keep a close eye on this through out the day