1,5870. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, dailt (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a support above 1,5830. The uptrend should continue to gather momentum.
=> We could take a long position at 1,5860. We will put the stop loss below 1,5820 (-40 pips). The targets are 1,5920 (+60 pips) 1,6000 (+140 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
1,5895 - 1,5920
Supports
1,5850 - 1,5835