EUR/USD - box play setup - how to trade
Updated
Dear traders and followers,
welcome to todays EUR/USD market update !
Market reached today a new low and strong support at 1.2050 area. We can expect buyers entering from this level and this will move the price up to 1.20400 area. RSI is showing bullish divergence which support the current up movement.
A short term box pattern has been formed and we wait for a break out or break down to to take action on the price movement.
Entry prices, stop loss and take profits are drawn in the chart.
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Please hit the like button if you share or like this idea.
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welcome to todays EUR/USD market update !
Market reached today a new low and strong support at 1.2050 area. We can expect buyers entering from this level and this will move the price up to 1.20400 area. RSI is showing bullish divergence which support the current up movement.
A short term box pattern has been formed and we wait for a break out or break down to to take action on the price movement.
Entry prices, stop loss and take profits are drawn in the chart.
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Follow us and stay up to date/ don't miss new ideas
Thanks for your support !
Trade closed: target reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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