From using major support and resistance zones in previous weeks, I can see EURUSD is current sitting above the previous resistance (1.17570) which will now act as a support level. We've also spotted an ascending triangle, from here in expecting price to retrace to the previous resistance (now support) which would also mean a break from the ascending triangle and an aggressive sell off.
We will be setting the Take Profits at 1.16214 with the Stop Loss placed slightly above last weeks high (1.19087). Our risk to reward is 3.04.
TARGET PIPS: 215
Don't forget to leave a LIKE, COMMENT and FOLLOW for more!!
@Newgenforex on social media :)
We will be setting the Take Profits at 1.16214 with the Stop Loss placed slightly above last weeks high (1.19087). Our risk to reward is 3.04.
TARGET PIPS: 215
Don't forget to leave a LIKE, COMMENT and FOLLOW for more!!
@Newgenforex on social media :)