EURUSD

EURUSD. Potential long opportunity.

Our previous idea for EURUSD has been correct. We believe that EURUSD will continue to the upside after coming down to our PBA 1 (Pull Back Area). Our entry is sitting at the pullback area at 1.11363. Break above our PBA 2 would result in higher highs. Our TP (Take Profit) is sitting at 1.12300. If price falls below our PBA 1 it would invalidate our trade idea. SL (Stop Loss) is set at the break of our PBA 1 at 1.11110.

PARAMETERS

- Entry: 1.11363
- SL: 1.11110
- TP: 1.12300

KEY NOTES

- EURUSD has fallen to our PBA 1.

- DXY still weak.

- Break above PBA 2 would confirm higher highs.

- Break below PBA 1 would invalidate the trade idea.

Happy trading!

FxPocket
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