thedealbuddy

Long EURUSD from the strong support / resistance zone

thedealbuddy Updated   
FX:EURUSD   Euro / U.S. Dollar
EURUSD price is in the range that has acted as strong resistance / support zone since 2015. I expect this zone to be respected. I expect EUR to recover 100pips+ from this region and then continue sell down. I am still bearish on EUR due to crisis in Turkey. Italy politics is also not giving any reason to celebrate.
In addition I see that volume is reducing during bearish candles while volumes are really high for green candles. Another reason for us to go long.
Trade active:
Still in the trade. I think I got the SL correctly placed. Now the trade is in profit by 27pips.
Trade closed: target reached:
109 profit target reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.