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SageFXTrading
Jan 23, 2017 2:42 AM

EURUSD - Potential Rally to 1.08500? Long

EURO / U.S. DOLLARICE

Description

Like anything ending with USD, it looks like EURUSD has maintained it's upward momentum past local S/R lines. My bias is favoured toward the upside until around the 1.08700 mark.

If there are clear signals this week, I will initiate a long position targeting key resistance as my final destination. Then I will look to short from there.

Good luck everyone!

Trade active

Long - 1.07126
S/L - 25pips
1st T/P - 1.08000
2ns T/P - 1.08700

Trade closed manually

EURUSD seems pretty quiet before Draghi's speech today. I am closing this out to minimize my risk as I have other USD positions open.

+32 pips
Comments
fxxxxtrader
Thank You Much for the info!!!
SageFXTrading
@fxxxxtrader, My pleasure. Good luck to you!
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