EURUSD – Up
On the daily chart above,EURUSD retraced to a support zone (1.2241-1.2211) while on an upward trend then moved up to a key line 1.2507.Yesterday while correcting to the zone the pair could not penetrate below the zone and so it was rejected around the zone and not within it.I expect possible bullish movement of price towards 1.2507 and a possible breakout above 1.2507.I would advise you buy EUR now with your take profit around 1.2507 and stop loss around 1.2088.In case there’s a clear break out below (1.2242-1.2211) wait for a correction to the zone to confirm bearish movement of price before you enter short positions.
Buy EURUSD now with your take profit at 1.2507 and stop loss around 1.2088
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