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Dec 17, 2018 12:21 AM

EURUSD Long Idea Long

Euro Fx/U.S. DollarFXCM

Description

EURUSD needs to stay above 1.1260 to continue it's current up trend. Long target of 1.1410 or 1.1480, then back to 1.1380. If 1.1350 holds then maybe up past 1.1500. If the 1.1350 does not hold, then continue downward towards 1.1220.

The EURUSD has been in a long downward trend. Overall I thinks it's trying to find a bottom, and will start moving up at some point. Watch for price action and volume to pick the bottom.

Good luck

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