I am considering a long trade on EUR/USD from the current daily support zone. We can expect a trend-following trade as we observe daily candle rejections at this support level. Additionally, when looking at the 1-hour chart, a double bottom pattern has formed with its neckline broken to the upside, and we are now waiting for a retest for entry.
ENTRY: 1.0685, STOP LOSS: 1.0655, TARGETS: 1.0721 and 1.0751.
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.