Short term (Intraday)
1,3512. EUR USD is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The uptrend should continue on 1,3700 resistance (188 pips).
=> We could take a long position at 1,3500. We will put the stop loss below 1,3420 (-80 pips). The targets are 1,3640 (+140 pips, risk/reward 1:1.8), 1,3700 (+200 pips, risk/reward 1:2.5) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
=> We could take a long position at 1,3500. We will put the stop loss below 1,3420 (-80 pips). The targets are 1,3640 (+140 pips, risk/reward 1:1.8), 1,3700 (+200 pips, risk/reward 1:2.5) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
- Resistances
- 1,3525 - 1,3640
- Supports
- 1,3430 - 1,3410
- Long term chart
- EUR/USD - Euro Dollar
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