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EURUSD Intraday Long Opportunity Update: TP1 Reached

EURUSD Intraday Long Opportunity

The dollar slipped in Asia on Tuesday as U.S. Treasury yields fell to three-month lows, a sign some investors were wagering the Federal Reserve would slow the pace of its rate hikes.

The weakness in the dollar comes against the backdrop of a temporary truce in the US-China trade conflict, which has bolstered investor confidence in riskier currencies versus the safe-haven greenback.

Technically:

The pair moved above the Ichimoku Cloud and EMA 50 on the H4 chart.

A long trade with the targets : 1.14120 and 1.14300 could be a nice intraday opportunity.

Stop Loss Below 1.13400.

Midterm trend is still bearish and traders will look for selling opportunities above 1.14500.

A potential Gartley would be completed at D. We will look for a Short Opportunity. Details will be pubslied for the members.

You can follow the idea : EURUSD LONG AND SHORT OPPORTUNITIES

 

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