Analysis of EURUSD 07 June 2018
EUR / USD on yesterday trading session (06/06) again experienced a significant increase, opened at 1.1714, and closed at 1.1772. Then we can see that the current EUR / USD is rising even from the opening price without any retracement. This shows the strength of the bull is still very large, and if we have an entry from around the level of 1.1625, we live to maximize profit.
From the H4 chart above, we can see that the price immediately bounced up after meeting support at 1.1615, and currently may experience a slight decline before finally rising with great power. This moment we can use to make entry at the time of retest to Trendline level up, with the stop loss below 1.1648 or 1.1615 level.
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