EUR/USD Plausible price action
A great uptrend is about to begin its last upside move until the next big retrace. The RSI is slightly above 50 points. 23.6% is a god target, though, 38% should be considered as well. It is final bounce could reach 38-50% but I am quite sceptical about this scenario. The RISK/REWARD ratio seems awesome since the stop loss target is right beneath the entry level.
*Disclaimer: this is for educational purposes only*
*Disclaimer: this is for educational purposes only*
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.