justatrader
Long

EURUSD - Long if you feel adventurous

FX:EURUSD   Euro Fx/U.S. Dollar
1180 4 16
Just a fun play set up, going counter to the general opinion. Not a trade recommendation but rather a 'feeler' kind of a trade. Long target 1.08, with partial TP at 1.07.

Basic premise is a test of the completed divergence at 1.05792 and break of trend line with a drop back to retest the break out. Small risk, and hopefully the trade will be quick and easy.
Professional market analyst with a keen interest on futures. Love keeping an eye on the markets. Currencies, bonds, commodities. Combining technical analysis and the fundamentals. Contact me for more details.
Back at the PRZ - Interesting zone
Reached target level ahead of ECB
+1 Reply
justatrader PRO themarketzone
2 years ago
Yep, seems like the broken support at 1.07 was not properly tested, just a spike and then fell, so wouldn't be surprised if the rally takes it back there for a more meaningful test of the broken support for resistance.
+1 Reply
krystianfx
2 years ago
In my type.
Reply
TheShakeOut
2 years ago
My analysis gives a technical support to your "feeler" trade. The imbalance of supply and demand shows potential for an stronger up move to test the highs around 1.10.
Increase of Buying Pressure in the Euro
+1 Reply
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