Technical setup forming on the EURUSD. A test of the 618 Fib level and a break of the channel formed will give us the signal to buy into the pair. 15:30 GMT US Crude Oil Inventory to come out which will give the next turning point in the market.
Entry: 109350 Stop loss: 109042 Target: 109807
Trailing stops at 109568 to break even. Taking a 1% risk on this trade.
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