EURUSD bounced off the lower channel with the help of Trump showing a nice reversal to the upside. Daily Timeframe View:
The channel is still intact so the upper channel trendline is the next logical target from here.
EURUSD is also currently above the daily 50MA and the 4H 200MA so it might consolidate and even provide support before the next run up.Entry: 1.06619
Stop: 1.0645
Profit: (tg1) 1.0840 (tg2) 1.092
Any feedbacks are appreciated!
Trade closed: stop reached
Didnt expect that dump but I should have waited for a pullback. Oh well
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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.