FxWirePro
Long

EUR/USD recovers after making a low of 1.1154,good to buy at dip

FX:EURUSD   Euro Fx/U.S. Dollar
1174 2 17
EUR/USD             has taken support near 1.11430 (200 day4H EMA) and recovered from that level till 1.12613. Overall trend is still bullish as long as support 1.1430 holds.

Any break below 1.11430 will drag the pair further down till 1.1060/1.1000.

Overall bullish invalidation only below 1.1000.

The pair’s minor resistance is around 1.1240 and break above will extend gains till 1.1280/1. 1320             .

Intraday major resistance is around 1. 1320             and break above will target 1.1370/1.1435.

It is good to buy at dips around 1.11950 with SL around 1.1140 for the TP of 1.13050/1. 1320            
Josphat89
a year ago
Great analysis. Agreed :)
Reply
Jojatekok
a year ago
Woohoo I have foreseen this 3 days ago :D

[EURUSD] Just go long with low leverage and forget
Reply
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