EUR USD: Bullish Price Action

FX:EURUSD   Euro / U.S. Dollar
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-So we have come up to the 38.2 Fib retrace, however looks like a bullish engulfing bar with a very strong bullish candle to follow.

- - US dollar chart showing us the potential beginning of a move below a very strong point of support.

- If we break above the 38.2 fib line I will add to my long positions. Setting a tight stop loss for current long.
We look forward to thursday ECB also..
Can u define tight stop?Just curios :)
+1 Reply
Sitrade florin22xxl
Mine is a few pips above the 200p Moving average.
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