The orange trend line is drawn from Nov 3rd, the price broke the trend line recently, and reacted to the trend line again. There is a support level around 1.05848 also the price is at the top of Bollinger Bands in 1H timeframe, so a SHORT at 1.064 could be a good idea with TP of 1.059 for a sweet 50 pips of profit.
This idea must come true for today or at most tomorrow. If it didn't work out until then, you can disregard it.
This idea must come true for today or at most tomorrow. If it didn't work out until then, you can disregard it.
Comment:
Take Profit around 1.061 is a good idea too as it is a safer spot.
Comment:
#EURUSD
Trade closed: target reached:
Closed by reaching the 1.059 target. :-)