FXCM

Breakout Identified in EURUSD

Short
FX:EURUSD   Euro / Dollar Américain
Signal ID: 66520
Time Issued: Friday, 05 July 2019 14:38:15 GMT
Status: open
Entry: 1.1199 - 1.12292
Limit: 1.11657
Stop Loss: 1.12683

The Breakout Opportunities system has just sold EURUSD at 1.12101. The system recommends entering this trade at any price between 1.1199 and 1.12292. The signal was issued because the EURUSD has broken its 24-hour low while our Speculative Sentiment Index was at 1.23474, suggesting that the EURUSD may have further to fall. A stop loss has been set at the 24-hour high of 1.12864 and a profit target has been set at the 1 Day ATR level at 1.11657. The system will move the stop to the next 24-hour high every time that 24-hour high is lower than the previous 24-hour high. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.

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