Trader, analyst and instructor with a 6-year experience

EUR/USD: buy on the dips

  By Leonid Vereschagin

Trade signal

BUY in range:  1.3510-1.3535

Stop Loss:  1.3490

Take Profit: 1.3570-80

Conclusion:  buy-signal is confirmed.

Chart 1. Daily EUR/USD

The pair lost more than 100 pips in the last 3 days and reached the psychological level of $1.3500. This may offer a good opportunity to work in long with tight stop.

Chart2. H4 EUR/USD

RSI has almost made a bullish signal. The price is at the edge of the downtrend channel and this builds the case for a short-term correction up.

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