Euro / U.S. Dollar
Long

Bottom is forming- time to start looking long for the EUR.

104
EUR is making higher highs and lower lows. We have support at the 50 and 20 day EMA, along with support from apr 13' and jul 13'. I feel a push to 1.29 area is imminent in the near future, followed by a retest of the lows to confirm the bottom. I will be looking to get long around the 1.25 level and take profit at around 1.288. Stop around the 1.268 level. Happy trading!

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.