danmo68
Long

Trading the retracement

FX:EURUSD   Euro / U.S. Dollar
47 0 0
EURUSD             has been in a slight down trend fueled slightly by last weeks NFP data. If the down trend is correct then price should touch S2 then retrace back up to this weeks pivot point .

The DXY             has been showing some positive growth this week thus far.

If i am correct then there is an opportunity for around 85 pips. A buy trade should be initiated after conformation of the retracement.
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