EURUSD – Up
On the 4H chart above,EURUSD broke above a key resistance zone (1.2471-1.2455) on 15th of February this year, price then retraced to the zone as a support but got rejected and went up. Currently it is rallying above the zone and I expect possible pullback to it to buy EURUSD.In case there’s a clear breach of price below (1.2471-1.2455) then that would be the best time to short the pair after a retracement to the zone towards 1.2301.Right now only long positions look ideal and can be advised around or within (1.2471-1.2455) with your take profit at .12560 and stop loss around 1.2401.
Buy EUR around or within (1.2471-1.2455) with your take profit at .12560 and stop loss around 1.2401.
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