Bullish rejection of EURUSD levels below average
Tuesday’s upside rejection extended yesterday. But although later trading saw the market spike to five-day lows, those extremes beneath the 13 day moving average were firmly rejected.
Management and risk description
A move to 1.0654 means the stop can be raised to break even or better.
Entry: buy in 1.0625/30 area and any 1.0594 dip.
Stop: 1.0564 offered.
Target: 1.0654 and 1.0688.
Time horizon: intraday, ending 1600 GMT.
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