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EURUSD finding support….

Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-12-20_21-02-26eurusd

2015-12-20_21-02-26eurusd

Well fundamentally the whole world speaks about the bearishness of the euro…

On some sides it is the weakest currency pair that traders should trade…

But lets look with an open mind on this eurusd daily chart, price found support at the 1.08000 level.

If this level holds and the stochs provides us with a bullish cycle then we might expect somewhat of an up move.

The stop loss would go below the higher high / yellow line and a soft target would be the blue 200 day moving average.

If the 1.08000 level is taken out then this bullish trade setup should not be considered.

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