EURUSD Long Idea

25. Jan. 2022EURUSD has just dropped below the key 1.13 level following the recent volatility across markets. This morning the price has fallen towards the support zone of 1.1285, an area where price has seen upwards movement previously. The RSI levels on the 1hr time frame are in oversold conditions (3.48) which shows that there is room for price to increase from this area. The target of this trade is located at the previous resistance level of 1.135, the stop-loss area is located 0.5% from the current level (1.123)