EUR/USD: Hunting a Swing Long – Is the Rebound Here?
EUR/USDLongSwing1w ago13 views
Trade Setup
Entry Price
1.0857
Stop Loss
1.0765
Take Profit
1.0995
Risk : Reward
1 : 1.50
RiskReward
What's up, KoraFX fam! Segun here, checking in from Abuja. Hope everyone's trades are going well. Today, I'm looking at EUR/USD, and it's been a bit of a tricky one, caught in a sideways trend for a minute now. We're currently sitting around 1.08756, after a decent 0.24% move today, but still within that daily range of 1.08372 to 1.0914. My charts are hinting at a potential swing long setup here.
Technical Read: Bouncing Off Support?
So, while the overall trend is sideways, I'm seeing some strong technical confluence. We've got major support zones at 1.0837 and even lower at 1.08. My entry for this swing trade is set at 1.0857, which is just above the 1.085 minor support. I believe we might see a bounce from around these levels. On the upside, our immediate resistance is the
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