A range bound EUR/USD may rise back to its top
Sitting in a range EUR/USD may rally back to the top of the range. If not, it may retest the level halfway and continue downward. Signs of bullish anticipation are shown by price finding support at the bottom of the range, a near resembling low test bar - but really a bullish reversal bar, and Stochastic and RSI bullish divergence.
entry - above high of reversal bar
stop loss - below low of reversal bar
target - at around 1.1100 or 1.1450
entry - above high of reversal bar
stop loss - below low of reversal bar
target - at around 1.1100 or 1.1450
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