EURUSD Long

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EURUSD

Long trade... make quick 20-25 pips profit.

- EURUSD has partially lost the strong upward potential seen last week, although further declines will depend on the break below the 1.0565 level which is an immediate Fibonacci support

- The pair has broken below a still bullish 20 SMA in the 4h chart

- The Momentum indicator lost directional strength after entering bearish territory

- The RSI indicator holds flat around 50, rather reflecting the limited volume than suggesting further slides.

- A recovery above 1.0650 will likely put the EUR back in the bullish track, while a break below the Fibonacci support will open doors for a decline towards the 1.0480/90 price zone.

- But for us it doesn't matter...as we are only in for short profit pips target.

As usual I'm in for 20-25 pip profit. Ride with me!
Сделка закрыта: достигнута тейк-профит цена
Target reached and closed.

Good pip gains

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