Price will come down as the rest of the pairs to go and get liquidity from the banks, use risk management.
After that it will go upand continue Long movement.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1125.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.1175.
TP4: R2=1.1195.
Set the stoploss of these orders at breakout of S2=1.1105.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Eurusd - H4 timeframe - I see an excellent buying oppurtunity for this pair at current levels. I entered this trade around 1.2380s with stops below 1.2320 and tp 1.26. Decent risk to reward ratio of over 3:1.
