EURUSD on bullish mood, for now

Good day traders!

The pair hit the high of 1.26719 but closed the weekend at 1.25461. If you guys did take your buy last week, you have at least bag a 125 pip all the way up ;) .

Looking at the chart, I believe there are more bull to come. But the lines have become tighter. First take would be a buy on 1.25225 break and consider closing at 1.26000 or at 50.0 fibo line (1.261710). A more aggressive trader can open another position at 1.2620 and consider a Take Profit at 1.27006.

24mei10h1

On the downside, a break below the 1.24832 would take the price dip into the 1.24474, 1.24000 and ultimately the 23.6 Fibo line at 1.23668.

Both H1 and D1 RSI are pointing at more bearish signal.

My strategy would be looking for any opportunities to buy, although it will only bring a significant 30 -40 pip and wait for the sell rallies to happen. And I will also be keeping my stop loss tight, very tight…

Happy trading!

Scridb filter
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1 Comments.

  1. you’ve got a great personality.

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