EURUSD broke above 1.3100 level yesterday and is currently looking to target 1.3204 level. But before challenging 1.3200 level, a retracement is expected from EURUSD since the RSI, especially in hourly charts is on the higher side and EURUSD needs a dip to open up RSI and lower the over-bought market.
A good buying level can be seen at 1.3056 and most traders will look to buy EURUSD around that level for initial targets above 1.3100 level which could be then extended above 1.3200
Trade:
Buy EURUSD @ 1.3056 for Profit Level @ 1.3136 and Stop Loss @ 1.3016
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