EURUSD long after retest
EURUSD has been strong since the start of the week having broken above 1.2310. We are expecting the market the market to go lower to retest broken level.
We are looking at two entries levels (EL). Entry level 1 is a more aggressive and riskier entry in anticipation of the reversal. Entry Level 2 is more conservative and looking to gain from the momentum. EL 2 can also be triggered even if decline is not as deep as EL 1.
Important to note that positions should be entered at EL 1 once support is evident.
Target - 1.2390
EL 1 Stop - 1.2290
EL 2 Stop - 1.2322
We are looking at two entries levels (EL). Entry level 1 is a more aggressive and riskier entry in anticipation of the reversal. Entry Level 2 is more conservative and looking to gain from the momentum. EL 2 can also be triggered even if decline is not as deep as EL 1.
Important to note that positions should be entered at EL 1 once support is evident.
Target - 1.2390
EL 1 Stop - 1.2290
EL 2 Stop - 1.2322
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.