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