EURUSD – Up
On the 4H chart above,EUR is currently retracing to a key support zone (1.2374-1.2363),I expect a rejection of the pair from the zone and a rise in price towards 1.2512 and even a possible break out above 1.2512 .I’m waiting to re buy EURUSD with my take profit at 1.2512 and stop loss at1.2323,if price breaks below the support zone then I’ll wait for a retracement to it to confirm w bearish move before I enter short positions with my target at 1.2194 and 1.1971.right now as long as the support zone protects the upper side, only long positions look ideal above (1.2374-1.2363).
Rebuy EURUSD at (1.2374-1.2363) with your take profit at 1.2512 and stop loss at 1.2323.
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