04.02.202012:14 Forex Analysis & Reviews: Trading idea for EUR/USD

Long-term review

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Good day, dear traders! I present to your attention, a trading idea for EUR/USD.

On Friday, the EUR/USD pair showed a significant increase on the weak dollar. Yesterday, Americans bought euros for the entire American session.

A bullish trend is beginning to form, and sellers are held hostage at the round level of 1.11.

The price of the purchase is now 20p against a profit of 50p (4 sign). This idea will be relevant as long as yesterday's American buyers do not sell in the market (marked in green).

Let's now turn to the daily TF:

As you can see, the tool still has goals at the bottom. The potential to reach them is much greater.

On the other hand, I do not rule out the possibility that they will remove the bottom first, and then go upwards. Nonetheless, the potential will not change:

Good luck in trading and control your risks!

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