EUR/USD 110 pip Horizontal Support and Resistance Set-Up

These support and resistance levels have been proven to be very important in the recent history. You can zoom out to understand how these zones have impacted the price before.

I present a nice short set-up here. After confirmation of the horizontal resistance area , we can go in for a nice trade towards the first level support.

The support level I chose to exit this trade is a relatively quick one. There is much uncertainty in the world right now and with all the news about Minnesota it is not clear what will happen during the weekend.

I suggest to use this weaker level, that under normal circumstances would be very conservative, however in these times I suggest taking more frequent shorter trades.

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- Trading Guru

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!