EURUSD - Sideways - 08/04/2024

The EURUSD pair appears to be consolidating within a defined range. A potential trading strategy entails initiating a Buy Stop order should the pair breach the R2 resistance level at 1.08646. Conversely, a Sell Stop order would be considered should the pair break below the S2 support level at 1.07905.

Trade Call: Long
Entry: 1.08673 (Buy Stop)
SL: 1.08451
TP1: 1.08890
TP2: 1.09125

Trade Call: Short
Entry: 1.07984 (Sell Stop)
SL: 1.08228
TP1: 1.07740
TP2: 1.07500