OANDA:EURUSD   Euro / U.S. Dollar
I see a potential EURUSD long setup emerging. The price has stalled at 1.1480 area for 4 days, which is a 61.8 Fibonacci level and also a MS1. The RSI is in oversold area, which could indicate a reversal and an uptrend move.

In order for this setup to be more valid, I would like to see the price to close above 1.15480/90 level, which is a Daily resistance to be a Daily support.

The TP1 is just below MR1 level (1.17695 / 215 pips) and previous resistance and previous high. Based on Fibonacci extension levels, the TP2 would be 1.19410 (410 pips) and TP3 1.21260 (530 pips). SL on this trade is 90 pips (1.14373).
Trade active: This setup might become an invalid one. The price has stalled on MS1 at 1.14800 area for the last 4 days. Todays price opened below Friday's close, which could mean further downward move and potentially hitting SL.

But, if the price holds 1.14800 zone, the long setup could still happen. The RSI is oversold and testing oversold area once again.

I will hold the trade for few next days, until it gets a more clear move.
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out