WHY WE ARE BUYING EUR USD NOW WITH TP AT 1.2450


On the chart above EUR/USD is on an upward trend. After breaking above a resistance zone 1.1454-1.1176, price retraced steadily to the just broken zone and was rejected within it before moving up. Right now it is within the zone and I expect nothing but a bounce within it for possible bullish momentum towards the resistance line 1.2450 and a possible breakout above it for a further rise in price towards the highest resistance 1.3456.

Trade recommendation

Buy EUR within 1.14 -1.12 with your take profit at 1.2450 and stop loss around 1.1000.

WHY WE ARE BUYING EUR USD NOW WITH TP AT 1.2450 WHY WE ARE BUYING EUR USD NOW WITH TP AT 1.2450 Reviewed by DR HISHAM M YOUNES on November 18, 2018 Rating: 5

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