J-P
Long

EURUSD: Is is time for reversal?

FX:EURUSD   Euro Fx/U.S. Dollar
231 2 7
This level is very critical now, I think.
It seems to double bottom here.
If this pair does not break below this support line, this is how I see the EURUSD             behaving for the next days.
SL will be at 1.07000
TP will be at 1.08500 (1/2 of my position)
If the market retraced as expected, I will reopen 1/2 position long and aim for the 2nd target.
Trade closed: stop reached: I still believe EURUSD will go up, I will wait for the downward move to end then enter the market again
Trade active:
snapshot
Comment: Still holding on to this trade, stops are at 1.055. I will upload a chart explaining the new targets, once I start to breakeven on this trade.
Agree.. Too oversold right now. No significant data over the next day or so. Technical trading should take the upper hand
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J-P SMulki
@SMulki, thanks.
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