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Euro / U.S. Dollar
Long

EURUSD BUY SETUP

By MSQUAREDN
Updated
We buy the pair at the current support (provided we get a bullish confirmation candle/s) and our first tp is at 1.14947 then our second tp is at 1.19382.

Ideal points to place your stop loss:
1.10273
1.09800

Apply risk management and happy trading :)
Comment
The support trendline didn't hold after the bearish news from EUR (German ZEW Economic Sentiment).

Moving forward, we should look for a retest on the broken trendline (around 1.10938) and go short till the 1.07769 level.
Elliott WaveeurusdlongFibonacciTrend Lines

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