EURUSD: Weekly buy zone acted as support so far...

There's a big weekly trend active in $EURUSD since two weeks ago, the dip that happened this week gave an interesting opportunity to go long with a good reward to risk ratio and 60% probability of hitting the first box target, or as high as the 2nd box on chart, within 7 weeks.
I'm buying at market open since I missed the ideal entry. The trade idea remains valid, and it might be a good addition for a balanced portfolio considering the Iran situation.

Oil correlated assets are a bit overextended too, and Iran's influence over oil prices is likely exaggerated judging by the reaction of #USOIL to the US attack, making airlines, oil correlated currency pairs an interesting target for speculation too. Think, EURNOK, or CAD pairs, or possibly even MXN.

Cheers,

Ivan Labrie.

การซื้อขายยังคงดำเนินอยู่:

Low risk buy here.

ความคิดเห็น:

We should see some upside action after NFP data is out, if we got the chart setup right. Risk is very low anyways.