DLavrov

EURUSD - Buy Opportunity

Long
FX:EURUSD   Euro / U.S. Dollar
The price bounces from the support level. The reversal candlestick pattern and RSI confirms the price reversal. MACD histogram supports a possible upward movement. The market forms a double bottom chart pattern. All these signals give us a new buy opportunity with an entry level above the high of the signal candle. Stop orders must be placed below 1.12000 support level and the local swing low.  Profit targets should be at 1.13000 and 1.13500 levels.

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