Levels to trade EUR/USD

Levels to trade EUR/USD

Trade ideas

BUY 1.1505; TP 1.1540; SL 1.1495

SELL 1.1435; TP1 1.1390; SL 1.1450

Last week EUR/USD tested 1.1570 but then retraced down and closed below 1.15. The pair returned to the lower range of a previous couple of months.

On D1, we can see that it was able to stay from falling yesterday, although it didn’t manage to close above 1.1475 yesterday (100-day MA). On H4, the euro still has support around 1.1440. All in all, there are some decent technical levels both on the upside and on the downside, so we are waiting for a chance to trade on the breakout.

EURUSDDaily.png

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