theforexarmy
Long

EURUSD Weekly View : Profit target almost reached,remain bullish

FX:EURUSD   Euro / U.S. Dollar
Buy above 1.0575. Stop loss at 1.0490. Take profit at 1.0680.
Reason for the trading strategy:
Price has shot up and is approaching our profit target. We look to buy on strength above 1.0575 support ( Fibonacci retracement , horizontal pullback support, pullback support to descending support line) for a further push up to 1.0680 resistance ( Fibonacci retracement , horizontal swing high resistance).
RSI (34) has made a bearish exit signalling a stronger change in momentum and also sees long term bullish divergence .
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