EURUSD Long
Updated
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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