EUR/USD - Euro Dollar Oct 20

Oct 20, 2004 0 Replies

EUR/USD - Euro Dollar Short term (Intraday) EUR USD is in an uptrend supported by 1H exponential moving averages. The price is just bellow 1,2530 resistance. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The uptrend should continue to gather momentum. We could take a long position at 1,2500. We will put the stop loss below 1,2480 (-20 pips). The targets are



1,2610 (+110 pips) 1,2900 (+400 pips). This is a dangerous trade, take care and put your stop loss.

chart :

formatting link


Join the Discussion

Have something to add? Share your thoughts — no account required.

Didn't find your answer?

Ask the community — no account required