Hello Traders, here I have analysed a buy opportunity on EURUSD. We saw yesterday during New York session EURUSD dropped down to the support level. As we may know that EURUSD is bullish. On the other hand HTM development are seen on this pair continuing it's upside move. I am also considering LTM confirmations for entry.
Buy position can be opened now with stop loss just at 1.1825 while targeting 1.195. We may consider using a trailing stop for this position, keeping in mind that the Non-Farm Payroll tomorrow which may change the direction of this pair very fast.
Please consider making thoroughly analysis and good judgement of your own before taking this.
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