EUR/USD: Buyers to keep an eye at the breakout level
|EUR/USD has been bearish on the daily chart for the last six trading days. Yesterday’s candle came out as a bearish candle as well. However, the candle closed within the level where the day before yesterday’s candle had a bounce. Thus, the buyers on the intraday charts may look for long opportunities in the pair. The H1 chart made a breakout at yesterday’s highest high. The price may come back at the breakout level and offer a long entry.
The chart shows that the price made a breakout at the level of 1.08510. As of writing, the price has been bearish in the last candle. If it comes back at the breakout level and produces a bullish reversal candle, the buyers may go long above the level of 1.08700.
Trade Summary
Entry: Buy above 1.08700
Stop Loss: Below 1.08510
Take Profit 1: 1.09180
Take Profit 2: 1.09335
Take Profit 3: 1.09600
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