EUR/USD Intraday Bounce Play: Segun's Charts Say Long!

EUR/USDLongIntraday7h ago0 views

Trade Setup

Entry Price

1.0856

Stop Loss

1.0783

Take Profit

1.0965

Risk : Reward

1 : 1.49

RiskReward

EUR/USD: Sideways Action & Support Watch


Wetin dey happen, KoraFX fam! Segun here, checking out EUR/USD today. The market's been pretty much sideways, currently chilling around 1.08702, after seeing a small climb of 0.19% in the last 24 hours. The day range has been between 1.08399 and 1.09004, so we're seeing some tight movement.
I'm watching the support zone around 1.084 very closely. If you look at the chart, price has respected that level before. For me, that's a strong technical signal. Charts don't lie, right? We also have resistance sitting pretty strong at 1.09, which is definitely something to keep an eye on if we push higher.

My Intraday Trade Setup: Long


Based on this, I'm eyeing an intraday long position on EUR/USD. My entry is set at 1.0856, just above that 1.084 support, anticipating a bounce. I'm a conservative trader, so managing risk is key. My stop loss is placed at 1.0783, which is a comfortable distance below the 1.08 and 1.075 support levels.
For the take profit, I'm aiming for 1.0965. This target takes us beyond the immediate 1.09 resistance and towards the next level around 1.095, where price might find some further friction. This one's a beauty if it plays out!

A Little Funda Talk


While the charts are

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