EURUSD price out of channel
EURUSD price has now broken the channel with a strong bullish candle and it is sitting nicely above the 20ma (4hr) MACD and RSI also point out some correction may be on the way. Bearish trend is very strong for the moment but we are now looking for a chance to buy on the pullback right above the 20 ma (1.0420-1.0430) with a stop of around 50 pips targeting 1:1 at least.
Note
make it a free trade and lets play along
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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.