Trade Recommendation: EURUSD
The price diverges with MACD and RSI and it gives us a strong trend reversal signal. MACD confirms upward movement and RSI confirms price reversal from 1.17200 support level. DMI allows to open long trades. We can try to make some profit on a possible retracement. Entry level for buy should be above SMA50. It’s 1.17750 level. Stop orders must be placed below the support at 1.17150 level. Profit target should be at 1.18500 resistance level. The daily chart is going to confirm upward movement by RSI reversal in the oversold zone. Don’t risk more than 3% from your deposit in this trade.
Profit Targets: 1.18450