1,5637. EUR USD is in an uptrend supported by 4H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should find a support above 1,5570.
=> We could take a long position at 1,5600. We will put the stop loss below 1,5550 (-50 pips). The targets are 1,5700 (+100 pips) 1,5820 (+220 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
1,5680 - 1,5785
1,5570 - 1,5525