Long EUR/USD anywhere in range of 1.0690-1.0710 for an immediate target of 1.0758-1.0780 Stop loss 1.0660
rationale
Inverted hammer formation on the daily chart, coupled with weakness in the stock markets.
And now an increased possibility of a bullish RSI divergence on the hourly chart.
rationale
Inverted hammer formation on the daily chart, coupled with weakness in the stock markets.
And now an increased possibility of a bullish RSI divergence on the hourly chart.
Trade stängt: målet nått:
EUR/USD achieved the first target and fell just 6 pip short of the second one. Yday's low was 1.0673. SO the stop wasnt triggered.