Trade Recommendation: EURUSD

The trading idea is based on a price reversal from the support zone formed by SMA20 and 1.18500 support level. RSI confirms price reversal. MACD histogram supports possible upward movement. DMI allows opening long trades. Entry level can be at 1.18700 with stop orders at 1.18100 level. Profit targets are 1.19500 and 1.20000 resistance levels. Don’t risk more than 3% from your deposit in this trade. 

Market: EURUSD
Buy: 1.18700
Stop: 1.18100
Profit Targets: 1.19500 and 1.20000

Disclaimer: The analyst does not have investments in EURUSD.

Author:
Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.