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Euro / U.S. Dollar
Long

EURUSD SEEMS TO FIND SUPPORT

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TRADING IDEA UPDATE - EURUSD SEEMS TO FIND SUPPORT🦾

EURUSD seems to find support on a trendline and shows us divergence on RSI on 1-h timeframe. So, I decided to close my trade in advance before my stop loss gets triggered and open long position with a

🔼 a market buy order at 1.16833 with
❌a stop loss at 1.16324 and
🤑a take profit at 1.18266

Additionally, today is the U.S. CPI report data coming out. Market expects the annual inflation to be around 2.7%. Me, personally, think that actual June inflation will be a bit lower, which may provide some fundamental support to the EURUSD. Will see.
ProfessorSingapore
Join me, I'll guide you to PROFITABLE TRADING💵!
Telegram Channel: t.me/forextradersliveofficial
Also on:
Descending ChannelEURUSDeurusddailyeurusdlongHarmonic PatternsTechnical IndicatorsTrend Lines

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.
Descending ChannelEURUSDeurusddailyeurusdlongHarmonic PatternsTechnical IndicatorsTrend Lines
ProfessorSingapore
Join me, I'll guide you to PROFITABLE TRADING💵!
Telegram Channel: t.me/forextradersliveofficial
Also on:

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.