ForexTrendline

Should you buy EURUSD right now?

Long
FX_IDC:EURUSD   Euro / US-Dollar
Yesterday we looked at the retracement on EURUSD and a possible raise to 1,1430

If you have opened a position, you might as well leave it and look out for a breakout of previous high.

However, if you don't have a trade then it's probably best to wait for that breakout and a re-test. Then you can enter with targets at 1,1430.
This way you have a better risk to reward ratio and a higher probability trade as well.

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