In my last EUR/USD commentary, I mentioned that the pair could reach 1.11.
That target was not only met but exceeded, with a top at 1.12.
The pair is currently in a normal corrective phase, and once this correction ends, EUR/USD could resume its upward movement.
My strategy is to buy on dips near the 1.10 level, with the potential for a 1:3 risk-to-reward ratio depending on the stop-loss placement.
Shorter-term traders could also consider the 1.11 level as a point to take profits.
That target was not only met but exceeded, with a top at 1.12.
The pair is currently in a normal corrective phase, and once this correction ends, EUR/USD could resume its upward movement.
My strategy is to buy on dips near the 1.10 level, with the potential for a 1:3 risk-to-reward ratio depending on the stop-loss placement.
Shorter-term traders could also consider the 1.11 level as a point to take profits.
Trade closed: target reached
First target at 1.11 reached
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.