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adam234
Aug 21, 2014 1:53 PM

Trade idea: EURUSD market buy, stop at 1,3238 Long

Euro Fx/U.S. DollarFXCM

Description

EURUSD trades downward for a long time, positioning according to commitment reports have completely changed at institutional players from eur long to severe usd long. There is a nice stop level below the low after FOMC speech from this week to play the bounce with good risk reward. The pair might fall further, but there is no bounce on the daily chart since 1.37, it is worth trying a long here.
Comments
adam234
stop triggered
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