Time for a EUR/USD retracement? Long

Euro Fx/U.S. DollarFXCM

Description

⋅ May 22, 2018 4:11 AM

This market has had a sharp decline, and now I am expecting a retracement. We just came into a previous demand zone, accompanied with RSI divergence, so I expect a rally likely into the 50% retracement zone. As always, follow your trading plan.

Entry: 1.1750
SL: 1.1650
TP1: 1.2065
TP2: 1.22

Trend Analysis