1,5791. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The price is just bellow 1,5800 resistance. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The uptrend should continue on 1,6000 resistance.
=> We could take a long position at 1,5790. We will put the stop loss below 1,5750 (-40 pips). The targets are 1,5900 (+110 pips) 1,6000 (+210 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,5800 - 1,5850
1,5770 - 1,5705