EURUSD Trading Idea
Price is between 1.0900 and 1.1000 levels which are borders of possible reversal zone. If price bounces from this zone, we'll have sell opportunity. We should open short trades if RSI and MACD histogram confirm price reversal. Entry levels must be below 1.0800 with stop above the local high and profit target at the uptrend line. Presently MACD and DMI confirm strong up movement but for buying we need lower entry levels. Long trades should be opened only if price bounces from the uptrend line.
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