Latest quote for the EURUSD (Euro - US Dollar exchange rate) is 1.322 March 25th. EURUSD 1-month chart makes it obvious it's building a trend, this means probabilities are in favor of the EURUSD posting upside from latest quotes. The fact that in March the EURUSD posted a 1-year low and prices are around a proven range of demand visited in 2016.
The trade idea is buy target 1.14 for a 0.7% difference from latest quotes. The duration for the target is 1-4 weeks.
Of course the trade idea is based on the US Dollar pulling back rather than the Euro rising independently because the EURUSD reactions (lately) are mostly determined by the US Dollar rather than the Euro.
The trade idea is buy target 1.14 for a 0.7% difference from latest quotes. The duration for the target is 1-4 weeks.
Of course the trade idea is based on the US Dollar pulling back rather than the Euro rising independently because the EURUSD reactions (lately) are mostly determined by the US Dollar rather than the Euro.