EUR / USD has been bearish on the daily chart for the past six trading days. Yesterday’s candle also came out as a bearish candle. However, the candle closed at the level where the candle from the day before yesterday bounced. Thus, buyers on intraday charts can look for long opportunities in the pair. The H1 chart made a breakthrough at yesterday’s highest peak. The price can go back to the breakout level and offer a long entry.
The chart shows that the price broke at 1.08510 level. At the time of writing, the price was down in the last candle. If it returns to the breakout level and produces a bullish reversal candle, buyers can greatly exceed the level of 1.08700.
Entrance: Buy Above 1.08700
Stop Loss: Less than 1.08510
Take profit 1: 1.09180
Take Profit 2: 1.09335
Take Profit 3: 1.09600
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