SimonRasmussen
Long

EURUSD retracing after momentum

FX_IDC:EURUSD   Euro Fx/U.S. Dollar
The euro             picked up strong momentum and is now deciding on a way to go from this level of ~0.1360 which looks to be important. I have entered long at this level, and SL is about 30 pips further down.

A more conservative approach could be to wait and see if the recent hourly bar ends up looking like a reversal, as it does right now.
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