leerider

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

Long
FX:EURUSD   Euro / Dollar Américain
5
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!

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