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EUR_USD tues
EUR_USD tues

EUR/USD buy signal

Nice move from our favorite forex pair EUR/USD, after hit the daily high at 1.1349 the sellers stepped in and drove the euro back down to 1.1242, which now acts as a strong support, entering a long position for the pair at the daily lows will gives us the opportunity to gain some pips.

EUR/USD now looks oversold and a rebound is possible.

Because the Brexit vote on Thursday is a major catalyst, all Forex markets will be neutral before the announcement. Hence, there will be a 50% chance of a bull breakout and a 50% chance of a bear breakout

A stop loss at 1.1235 second support and
Take profit at 1.1267

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EURUSD has been trading within a well defined uptrend over the last several months, since breaking out in early 2017. 1.2360 provided support to the pair in early February and now switches to resistance. The pair’s top level was $1.2555, and recent low was 1.2155. Immediate resistance is seen around 1.2350. A clear break above ...