theforexarmy
Long

EURUSD Profit target reached perfectly, time to start buying

FX:EURUSD   Euro / U.S. Dollar
Buy above 1.0500. Stop loss at 1.0430. Take profit at 1.0680.
Reason for the trading strategy:
Price dropped nicely and reached our profit target as expected. We now turn bullish above major support at 1.0500 ( Fibonacci retracement , Fibonacci extension , horizontal support) for a push up to 1.6800 ( Fibonacci retracement , horizontal swing high resistance).
RSI (34) is displaying bullish divergence versus price which signals a bullish bounce is fast approaching.
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