vigneshnadar
Long

High risk high return buy EURUSD

FX:EURUSD   Euro Fx/U.S. Dollar
109 3 3
Expecting EURUSD             to bounce of lows Buy above 1.087

Stop loss could be tricky as EU will consolidate near the lows for some time.
It should gap down to potentially 1.07 but I completely agree with this analysis. Tomorrow is a Euro Zone meeting and there may be some speculation that this is a funda event that will at least give some support to EUR admist all of this slaughter. Be careful with trading on the gap at least until we cross Fri closing price which is about 1.084.

Regards
+3 Reply
PhilipKass
2 years ago
I really like this line of thinking, I believe that EUR/USD is overdue for a correction and I agree with your buy point and stop loss, I think I'll look into it and place some orders this week.
Reply
vigneshnadar
2 years ago
I think the Entry could have been little early ... i had even drawn a trend line at 1.0854 but thought the bigger one would be safe buy
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