RiccardoAnnoni
Long

EURUSD ready to bounce back?

FX:EURUSD   Euro Fx/U.S. Dollar
77 0 1
The 1.145 top was followed by a swift decline in price, piercing the 1.1 support.
Now as you can see the 100SMA flattened on the H1 chart and that can be an aggressive way to BUY EURUSD             betting on a resume of uptrend. Of course you will take care to place a STOP LOSS at a daily close below 1.0825 (100 pips down from the actual price) and target T1=1.11 (sell half position) and T2 = 1.13 or just move stop loss to break even and let it go for the best!

Cheers
Riccardo
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