EURUSD: Buy Setup from New Support level | January 17, 2017

Eurusd has broken its resistance level and remains its bullish momentum. We can expect some bullish movement from this pair in the coming days. Now we need to wait for little retrace to enter buy entry again on this pair.

Buy trade setup

✔ Wait for price to retest new support level at 1.0670

✔ If any bullish candle formed on this level on H1, then enter buy position

✔ Bullish reversal candle can be bullish engulfing, pin bar or other reversal pattern.

Take profit & Stop loss

TP will be 30-100 pips. If you get 30 pips profit, then close 50% position of your trade and move your SL on the entry point.

SL will be at 1.0620 level


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