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Eurusdbullish

EURUSD Bounce Back*Note that Draghi has a speech this afternoon so EURO pairs bring more risk today On the 4 hour and daily time frame EURUSD bounced back of a support level. For this idea I decided to use the 4 hour time frame because it better shows the volatility. Based on the fact that EURUSD bounces back on a support level on multiple time frames its a strong sign that the price will go up. All though the strength of the move will depend on the Draghi party this afternoon. Use a tiny position with a 80 pip stop loss, add another position when the next resistance at 1.1942 gets broken!
Long
by JoshFX1
EURUSD - Clean channel trade Hi guys, I mentioned last weekend that the EURUSD would have a choppy drop after last Friday's push. I didn't expect it to be quite this choppy, but there ya have it. We have a pretty clean channel on the 1 hour interval. Longer term, this pair is looking more and more bullish. Not what I would expect, but the charts seem to confirm a bullish build-up for the EURUSD. That said. if we get a nice news push to the downside, we can enter long. I have 2 plans: A. Wait for a break (confirmed break) above the channel and go long. 1.0800 is in sight if we go long, but it will take a week or longer to get there. B. If we get a 'non-technical' push near the bottom of the channel, I'll go long. This would be ideal, but we'll see if it happens. The long term barometer shows a nice double bounce off of the 50 level. The EUR should make another strong push near 80. This is not investment advice, just my opinion(s). Please trade accordingly. Trade safe and keep an eye on news.
Long
by riffster21
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