DLavrov
Long

EURUSD New Buy Opportunity

FX:EURUSD   Euro / U.S. Dollar
The weekly chart gives a bullish divergence at SMA100. The market looks bullish and it gives a new buy opportunity. The daily timeframe can be used for trading based on a breakout signal. Now the price is at the resistance zone formed by SMA100 and the downtrend line. If we get the breakout above this zone, it will be a signal confirming a trend reversal and further upward movement. This breakout can be used for buying with profit target at 1.20000 level and stop below 1.15000 level.

Signals from indicators:
- RSI does not reach the overbought zone and it allows to open long trades
- MACD confirms the upward movement
- DMI is bullish and ADX line rises confirming the upward movement.
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thanks for this idea, bit if a dip last week, do you still see 1.2 on the cards after it broke the channel then rejoined it. still bullish from you point of view. I can see a possibility of testing 1.5. many thanks and salutations.
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Nice trade i am in profit
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The market looks truly bullish. We should think about the opportunity to buy some...btw Dmitriy check out https://p2pb2b.io exchange. Need your trye opinion about it. Thanks a lot
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