EURUSD: Is is time for reversal?

FX:EURUSD   Euro / U.S. Dollar
238 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:
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
J-P SMulki
@SMulki, thanks.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out