fxbymichel
Long

Triple bottom forming in EUR/USD

FX:EURUSD   Euro/U.S. Dollar
86 0 2
Look for a potential bounce in the pair off the 1.05 level. The pair has been heavily sold over the past month and now seems to be poised to make a triple bottom. RSI has been holding steady while the MACD seems to also be turning higher. For a 1-5 risk/reward look for a move back to 1.10 while stopping out below a close of the March lows.
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