EURUSD. Potential long opportunity.
This is an adaptive analysis!
Our idea for EURUSD is a long after the price has fallen to our PBA (Pull Back Area). With DXY showing weakness we do believe that EURUSD could rise to our target 1.11674 . Our SL is set at 1.10751.
In second scenario, we could see EURUSD make a deeper pullback down to 1.10500 which could be the second entry. Targets remain the same while SL would sit around 1.10150.
PARAMETERS
- Entry: 1.11057
- SL: 1.10751
- TP1: 1.11363
- TP 2: 1.11674
KEY NOTES
- EURUSD has fallen to our PBA.
- Adaptive analysis.
- DXY showing weakness.
- EURUSD may make a deeper pullback to 1.10500.
Happy trading!
FxPocket