EURUSD - Long - 50% to 61.8% retrace zone

Hello all - DuncanForex here with another trade idea.

I am looking to re-enter EURUSD following the trade I took in the related post below.

Price is currently in the 50% to 61.8% Fibonacci zone of the retracement of the last leg higher and is cycling nicely

I want to get in early in the week so ideally price is not near my entry point for when NFP arrives on Friday. As I am bullish XXX USD pairs and bearish USD XXX pairs

With interest rates cuts hovering over USD for July - I expect that will ultimately increase USD weakness and for this pair send them higher.

Thanks for looking

Cheers

Duncan

Trade stängt manuellt:

Hi all - trade closed just above entry to cover swaps