EURUSD - H4 Bounce off Lower Trend Line & 200 SMA
Updated
With the current spike down in the EUR across the board, mixed with our longer term view of JPY weakness - this looks like a great set-up. Bouncing off the lower trend line of the bullish channel, off the 200 day SMA with technical and fundamentals pointing towards a retrace.
ENTRY
132.720
STOP LOSS
131.600 - 131.630
TARGETS
133.240
133.750
134.500
135.00
Published on 10/26/17
ENTRY
132.720
STOP LOSS
131.600 - 131.630
TARGETS
133.240
133.750
134.500
135.00
Published on 10/26/17
Trade active
Note
The EUR is trying against the JPY - but the sell off in EURUSD is holding it down. We will keep a close eye on this through out the day
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