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EURUSD: Expecting bullish above 1.0710 | February 5, 2017



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Eurusd has rejected from 1.0710 level as we can see on the chart. It was 50% retracement level for this pair on recent uptrend movement. Above 1.0710 level, we can expect bullish movement again on this pair. We can observe horizontal support on 1.0710 and 1.0760. So it can be buy level for this pair.
Buy setup
✻ Find buy setup above 1.0710 level.
✻ If any bullish rejection candle formed above the mentioned level, then open buy entry.
✻ Set Stop loss below the rejection candle
✻ Set TP as 30-100 pips.
Read more EURUSD previous chart analysis
Read more All pairs chart analysis at a glance


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