EURUSD – Up
On the 4H chart above, EUR has been trading on an upward trend with major retracements at a key support zone (1.2200-1.2177)recently price failed to be corrected to the zone and continued to race further up, yesterday however, price retraced at zone (1.2394-1.2370) then went up with one green candle, right now the pair is retracing to the zone and I expect a rejection at it to long EUR towards 1.2537,I also expect price to break 1.2537 and continue with a bullish move,incase price goes below (1.2200-1.2177)then that would be the ideal time to short EUR after a retracement to the zone .As long as price remains above this zone, only long positions can be advised.
Wait for a retracement at zone (1.2394-1.2370) and buy EUR within it with your take profit at 1.2537 and stop loss at 1.2348
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