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Eurusdbuy

EUR/USDThe euro gave up its gains last week from the previous week. That being said, the market looks as if it is trying to form some type of base near the 1.13 level, and I anticipate that we will see more of the same as the market simply has nowhere to be. Keep in mind that this pair is trying to break out, so if we can get a daily close above the 1.14 level, that might be bullish enough to send this market looking towards the 1.15 handle, followed by the more important 1.16 level where we had broken down from. Below 1.12 opens up the door to 1.10 underneath.
Long
by SmoothJB
EURUSD where and when to buy UPDATESStill holding that long bias after another bit of a slow week last week, price like I expected pushed back into consolidation zone and made another rejection towards the end of the week. I want to see price clear the resistance area of 1.13500 and form a more obvious trend, but again early in the week ill be looking for a retracement from Fridays impulsive move up to continue in a better bullish structure. I will update if I enter positions.
Long
by jamison_fx
SHORT and LONG on EUR/USDOn the weekly timeframe price formed a M or (double top) pattern and has been falling ever since. Currently, price has broken a major support area and is now retesting it as resistance. It is possible that price can break back into this old support zone and start going up, or after retesting the zone as resistance it can fall from there. I am looking to capitalize either way. Here are the plays I will be taking on this pair. PAIR = EUR/USD ORDER TYPE = BUY STOP (PENDING ORDER) LOT SIZE = Micro lot (0.01) (0.02) ENTRY PRICE = 1.14175 STOP LOSS = 1.13843 - 33 PIPS / $3.30 LOSS TAKE PROFIT = 1.16794 - 261 PIPS / $26.10 GAIN PAIR = EUR/USD ORDER TYPE = SELL STOP (PENDING ORDER) LOT SIZE = Micro lot (0.01) (0.02) ENTRY PRICE = 1.21481 STOP LOSS = 1.14032 - 155 PIPS / $15.50 LOSS TAKE PROFIT = 1.08125 435 PIPS / $43.50 GAIN
by BBIDF