On
EURUSD
, the market moves sides; there is no clear trend direction on 1H bars.
We have a recent support level at 1.5417, the price respect that zone 3 times and it is expected it will bounce again. Moreover, there is a trendline (dynamic support), which exactly crosses our reversal zone, and fibonnaci level 38.2. All those confluences increase the probability of this set-up; it a good opportunity with a nice risk:reward to go long.
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EURUSD
, the market moves sides; there is no clear trend direction on 1H bars. We have a recent support level at 1.5417, the price respect that zone 3 times and it is expected it will bounce again. Moreover, there is a trendline (dynamic support), which exactly crosses our reversal zone, and fibonnaci level 38.2. All those confluences increase the probability of this set-up; it a good opportunity with a nice risk:reward to go long.
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Do you Trade Binary Options? We made a list of 10 Best Brokers at www.binaryreviewed.com
