InvestingScope
Long

EURUSD: Buy set-up.

FX:EURUSD   Euro / U.S. Dollar
The pair has been on a 3 month sideways trading sequence as seen on 1W. The fact that it just turned marginally bearish ( RSI = 39.515, MACD = -0.009, Highs/Lows = -0.0040, B/BP = -0.0179) on the top of the long term Buy Zone (1.1215 - 1.12685) presents an opportunity for a medium term buy. If the set-up on 1D stays a standard Channel Down ( RSI = 35.597, Highs/Lows = -0.0093), then its technical Lower High should be a +1.97% sequence at 1.1460. We are long and will settle for a more moderate TP = 1.14200.






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agreed with your view.
+1 Reply
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