A long position on EUR/USD was initiated due to bullish sentiment driven by strong economic data and positive outlook for the Eurozone. Technical indicators, such as a breakout above key resistance levels and positive momentum signals, supported the decision.
Note
Second attempt to long, the first attempt to long was unsuccessful due to PMI news (-14pips).Note
Entry: 1.0842Stop Loss: 1.0806
Take profit: 1.0950
Trade active
Trade closed manually
Closed manually at 1.0844Result +2pips
Reason: We need to wait what will happen in the next few days, possibly there will be some better entries for a long.
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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.