EURUSD - H4 Bounce off Lower Trend Line & 200 SMA
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.