Trading Idea: is based on Fib Retracements. The EUR/USD broke out of its range to the long side. Buy Limits at 1.10756 and 1.10361. Stop loss is placed down at 1.09808. Profit Targets are the 1.1.1350 and 1.1450. Support from previous leves comes in at 1.09509. Resisstance is to be expected round the 1.12500 even Mark.
Trade Management: To secure profits and minimize Risk, Stop Loss orders are moved to breakeven once we hit previous highs. Its important to leave enough Room for potential outside returns.