With EURUSD breaking the lower Bollinger Band & at extreme oversold levels, there may be some relief upcoming for the EURO. Proceed with caution though as several U.S. financial events are happening this week, so I wouldn't advice this to be a long trade which is why my take profit is at the 50-55 PIP mark right below the 20 MA & 50 EMA as well as the most recent short term resistance point. Stop loss is below the lower Bollinger Band as well as the most recent support line. Potential short reversal to the upside here with that confirmation candle noted. The Euro reacts well to these quick set ups so here's hoping. 🤞🏽
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Moved up Stop Loss and in profit currently.
Trade stängt: målet nått:
Stop Loss target was in profit so considering this a win.