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Signal_Centre1
Jul 8, 2021 6:40 AM

EURUSD Buy the break setup. Long

Euro Fx/U.S. DollarFXCM

Description

EURUSD - Intraday - We look to Buy a break of 1.1841 (stop at 1.1823)

With signals for sentiment at oversold extremes, the dip could not be extended.
Bullish divergence is expected to support prices.
Daily pivot is at 1.1835. Although the bears are in control, the stalling negative momentum indicates a possible turnaround is possible.

Our profit targets will be 1.1893 and 1.1903

Resistance: 1.1835 / 1.1850 / 1.1870
Support: 1.1800 / 1.1780 / 1.1760
Comments
Uvi_SL
why 1.1841 important
Signal_Centre1
@Uvi_SL, Daily pivot is at 1.1835, break of this level will confirm bearish momentum but to avoid SL hunt we prefer to add entry higher.
Mihai_Iacob
Very good!
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