EURUSD – Up
On the weekly chart above, EURUSD is on an upward trend. Price retraced at a key support line 1.2239 thrice and is currently pulling back to it, I expect a rejection of it for bullish movements of price towards the key line 1.2563 and a breakout above it for a further rise in price towards the key line 1.2878.I would advise you wait for a close around 1.2239 to buy EUR with your first take profit at 1.2563 and the nest at 1.2878 with your stop loss around 1.2021.Short positions can only be advised in case of a clear breakout below the line 1.2239 with a big red candle and a correction to it towards 1.1727.
Wait for a close around 1.2239 to buy EUR with your take profit at 1.2563 and stop loss around 1.2021.
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