EURUSD testing major support, remain bullish
Buy above 1.1956. Stop loss at 1.1901. Take profit at 1.2083.
Reason for the trading strategy (technically):
Price has dropped and reached our buying area. We remain bullish looking to buy above major support at 1.1956 (Fibonacci retracement, horizontal overlap support, ascending support) for a push up to at least 1.2083 resistance (Fibonacci extension, horizontal swing high resistance, fill price gap).
Stochastic (34,3,1) is seeing major support above 6% and has started to bounce up nicely from that level, also displaying good upside potential for our rise.
Reason for the trading strategy (technically):
Price has dropped and reached our buying area. We remain bullish looking to buy above major support at 1.1956 (Fibonacci retracement, horizontal overlap support, ascending support) for a push up to at least 1.2083 resistance (Fibonacci extension, horizontal swing high resistance, fill price gap).
Stochastic (34,3,1) is seeing major support above 6% and has started to bounce up nicely from that level, also displaying good upside potential for our rise.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.