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.
Profit Targets: 1.19500 and 1.20000
Disclaimer: The analyst does not have investments in EURUSD.