EURUSD presents a good oppertunity to go long against the green support zone between 1.1730-1.1700. This zone has held the price from going down for about a month now, and also provided support in the past. The target would be above previous high at around 1.21. The optimum entry would be above friday's low at 1.1830 with a stop loss at 1.1680 and take profit at 1.2130 So this setup provide good risk:reward ratio. we are risking 150 pips for a profit of 300 pips.
Comment:
Price missed the entry point at 1.1830 with about 15 pips and then it rallied hard towards the upside. at 1.1905 right now