FxWirePro
Long

EUR/USD takes support near major trend line , targets 1.1200

FX:EURUSD   Euro Fx/U.S. Dollar
609 2 11
EUR/USD             has made a low of 1.10718 and slightly recovered fro m that level. The pair's major support is around 1.1070 (trend line joining 1.105192 and 1.10840) and any break below targets 1.1035/1.1000. Further weakness can be seen only below 1.1060.

On the higher major resistance is around 1.11460 and any break above will take the pair till 1.11780/1.1200 level.

It is good to buy at dips around 1.1095-1.1100 with SL around 1.0600 for the TP of 1.1178/1.1200
kopite PRO
a year ago
Thanks for the chart, Is the SL correct in regards to risk reward? As your targets are only short term? Or is it me being stupid. Thanks
Reply
FxWirePro
a year ago
SL is 1.1060
Reply
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