The Euro has gained ground against the USD for the last two sessions. Of course, the downtrend of 2018 is still massive, with the EUR/USD struggling to gain any bullish momentum.
In such a tight market, playing a rotational strategy is a good way to rack a few pips. A buy from above daily support at 1.1657 is a positive entry to the bull. A modest profit target of 10-12 pips is ideal, using a 1:1 risk vs reward ratio.
This trade idea will remain valid for the next 48 hours.
In such a tight market, playing a rotational strategy is a good way to rack a few pips. A buy from above daily support at 1.1657 is a positive entry to the bull. A modest profit target of 10-12 pips is ideal, using a 1:1 risk vs reward ratio.
This trade idea will remain valid for the next 48 hours.