EURUSD, 15-minute timeframe chart

EURUSD, 15-minute timeframe chart

EURUSD touch the support level of 1.04578

General outlook
EURUSD has been under selling pressure within the last day. The pair moved up to the support level of 1.04578

Possible scenario
The best way to use this opportunity is to place a buy order at 1.04620

Set your stop loss at 1.04420 below the previous low ($2.00 loss for 0.01 lot) and take profit at 1.05120 ($5.00 profit for 0.01 lot).

The risk-reward ratio for this order is 1:1.