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.
Back at the PRZ - Interesting zone
Reached target level ahead of ECB
+1 Reply
justatrader PRO 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
In my type.
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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