EURUSD - Long if you feel adventurous

FX:EURUSD   Euro / 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.
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.
+1 Reply
In my type.
Back at the PRZ - Interesting zone
+1 Reply
justatrader themarketzone
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
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