Although EURUSD has pulled back from its recent highs, it remains stable above the 1.10 mark. Is now the time for new long positions, or are shorts the better option? We remain bullish but initially expect a moderate price decline to just below the 1.12 level, entering the suggested entry zone. From there, EURUSD should quickly resume its move toward the high seen in the last week of April. With the presented long setup, one can benefit from this expected price movement with a very favorable risk-reward ratio (RRR).
Trade active
Entry point got hit
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.
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.