EUR/USD, my setup for today! – 'LIVE'

eur-usd 20.05. setup

I will be patient today and wait with my long under the 1.1060 support. As you can see, 1.1120 has become resistance after the pair close H4 candle bellow, the level has been tested for several times during the morning. EUR/USD is showing a little bullish momentum at the smaller time frames (M15, M30, H1), supported with up trend line for now and 1.1115/20 could be tested again. If the pair broke 1.1120, 1.1150>1.1200 could be the next target for the bulls.  But, I will wait at 1.1040 today, protected with SL at 1.0990. Risk on this setup is 0,9% of my capital. There is no rush for me today. How about you, are you already in?

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s