EURUSD – Up
Recently, EUR/USD broke down below a support zone 1.2235-1.2192 with a big red candle, price then rallied down and is currently pulling back to the broken zone. I don’t expect a breach above the it but a rejection of price within it for bearish movement of price towards the support line 1.1739 and a breakout below it for a further decline in price towards 1.1387.I would advise you wait for the pull back to 1.2235-1.2192 then short EUR within it with your first take profit at 1. 1739and the next at 1.1387 and your stop loss around 1.2557.Long positions can only be advised in case of a clear breakout above 1.2235-1.2192.
Wait for a correction to 1.2235-1.2192 then short EUR within it with your take profit at 1.1739 and stop loss around 1.2557.
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