EURUSDLong trade... make quick 20-25 pips profit.
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EURUSD has partially lost the strong upward potential seen last week, although further declines will depend on the break below the 1.0565 level which is an immediate Fibonacci support- The pair has broken below a still bullish 20 SMA in the 4h chart
- The Momentum indicator lost directional strength after entering bearish territory
- The RSI indicator holds flat around 50, rather reflecting the limited volume than suggesting further slides.
- A recovery above 1.0650 will likely put the EUR back in the bullish track, while a break below the Fibonacci support will open doors for a decline towards the 1.0480/90 price zone.
- But for us it doesn't matter...as we are only in for short profit pips target.
As usual I'm in for 20-25 pip profit. Ride with me!
Trade closed: target reached
Target reached and closed.Good pip gains
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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.
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.