EUR zone is not doing great. weakness in EUR is the key component of this trade.
No strong fundamentals to support this trade, so risk only a small percentage like 0.5% of your account
No strong fundamentals to support this trade, so risk only a small percentage like 0.5% of your account
Comment:
Looks like the levels are holding well. Based on the current deveopments, we could expect a target further down near to 1.07 levels or lower. Nice risk reward entry hopefully