EUR/USD has made a high of 1.13094 today morning and slightly retreated from that level. It is currently trading around 1.1280.
On the higher side any break above 1.1340 will take the pair to next target 1.1370/1.14365.
The pair’s minor support is around 1.1265 and break below will drag the pair till 1.1200/1.1525.
It is good to sell on rallies around 1.1285-90 with SL around 1.1340 for the TP of 1.1205/1.1155
Comments
nixdem
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Hi! You write that PRZ is at 1.1340 and you also recommend to place SL there. Wouldn't it be less riskier to short around 1.1320 instead of 1.1285 and place SL at 1.1360?
Thank you.
TradZ
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Thank you my friend!
TradZ
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It is good to sell on rallies around 1.1285-90 with SL around 1.1340 for the TP of 1.1205/1.1155
What does SL & TP stand for please?
FxWirePro
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SL- Stop loss TP- Target price
AlbertoRossi
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Great chart analysis, but I think there's an error in your comment. "minor support is around 1.1265 and break below will drag the pair till 1.1200/1.1525" (??)
Is 1.115xx
Thank you.