EURUSD is taking some due retrace at the moment and is currently looking to target 1.3250 level and from here it might make another attempt towards 1.3400 level.
Most Traders will look to buy EURUSD between 1.3250 and 1.3200 levels for a nice move above 1.3350 level. RSI was a bit on the higher side but the recent dip by EURUSD has lowered the RSI considerably and now it has more than enough space to make another move above 1.3300 level. The RSI is on the lower side in hourly charts and thus the retracement seems to stop around 1.3250 level.
Trade:
Buy EURUSD @ 1.3254 for Profit Level @ 1.3314 and Stop Loss @ 1.3224
Disclaimer: All information on this web site is subject to change. The use of this web site constitutes acceptance
of our user agreement. All publisher financial articles at
FXtree.com are those of the individual authors and do not represent trading recommendations
of FXtree.com or its staff.