Fomenka

EURUSD to bounce

Long
FX:EURUSD   Euro / U.S. Dollar
0
RSI indicates divergence which may be interim low. Yesterday the price fell sharply, stopped at 1.27550 support level and formed a little pinbar on 4H. I am not sure about the wave count but feels like we may have a relief bounce hence this buying opportunity. As this is a countertrend move I am entering with buy stop order and putting a tight SL. If price continues to jiggle not moving up I will close the position.

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