Euro / Dolar USA
Long

EUR/USD The Buy Area You've Been Waiting For.

734
The price has hit this horizontal support before. We can see that this price level has been pivotal before. That's something that we can monetize using technical analysis.

Place your stop loss not under the current support, but under the level 2 support. We don't know if the price will fall further, but the second level of support is much stronger than the first one. This gives us some slack and room for error.

Exit the trade underneath the horizontal resistance for maximum profit compared to risk taken. If you would place it above, you would risk the price not being hit and rejected by the zone.

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!

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