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RaynLim
Apr 8, 2024 6:28 AM

EURUSD Analysis: Buying Opportunity Identified Long

Euro Fx/U.S. DollarFXCM

Description

- Trade Bias: Bullish
- Entry Point: Retest of support at 1.0809
- Target: First target set at 1.0869
- Risk Management: Shift stops to entry at first target level

Analysis:

- Support Level: Identified at 1.0809
- First Target: Set at 1.0869
- Risk Management: Stop-loss to be shifted to entry point upon reaching first target

Trade Plan:

- Entry upon retest of support at 1.0809
- First target at 1.0869, with stops shifted to entry point
- Utilize proactive risk management to safeguard profits

Your Thoughts?
What are your thoughts on this buying opportunity for EURUSD? Share your insights and trade plans in the comments below!

👍 Like if you found this analysis helpful! Remember to conduct your own analysis and trade responsibly. Trading involves risks.
Comments
JoeChampion
EURUSD is facing a downtrend, hidden resistance and strong US headlines, i would double think longing it !
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