EUR/USD: Looking for a Swing Bounce Off Support – My Latest Trade Idea

EUR/USDLongSwing2w ago4 views

Trade Setup

Entry Price

1.0857

Stop Loss

1.0768

Take Profit

1.0990

Risk : Reward

1 : 1.49

RiskReward

G'day legends! Hudson here, checking in from Brisbane. The EUR/USD has been doing its usual dance, feeling a bit sideways at the moment, currently sitting around 1.08746. But I'm seeing a setup that looks pretty good for a swing long if we get the right entry.

Technical Breakdown: Hunting for a Rebound


The daily range for EUR/USD has been between 1.08377 and 1.09115, which shows we're range-bound, but the lower end of that range is where my interest is piqued. We've got solid support stacking up around 1.0838, and a stronger zone around 1.08. My entry target is 1.0857, which is just above that initial 1.

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