FXCM
Short

Breakout Identified in EURUSD

FX:EURUSD   Euro / U.S. Dollar
The Breakout Opportunities system has just sold EURUSD at 1.08573. The system recommends entering this trade at any price between 1.08478 and 1.08713. The signal was issued because the EURUSD has broken its 24-hour low while our Speculative Sentiment Index was at 2.66679, suggesting that the EURUSD may have further to fall. A stop loss has been set at the 24-hour high of 1.09131 and a profit target has been set at the 1 Day ATR level at 1.08194. The system will move the stop to the next 24-hour high every time that 24-hour high is lower than the previous 24-hour high. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.

Signal ID: 70586
Time Issued: Thursday, 13 February 2020 12:01:16 GMT
Status: open
Entry: 1.08478 - 1.08713
Limit: 1.08194
Stop Loss: 1.08867

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