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EURUSD: Looking for buy above 1.0590 | February 8, 2017



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Eurusd is now on bearish mode for short term. Near term support lies on 1.0625 and then 1.0590 level. We should look for buy above this support level. If we find any bullish sign, then we can look for long entry.
We need to wait for any bullish candle like pin bar, bullish engulfing on the support area. Then buy signals will be confirmed. We can use 30-40 pips stop loss for our buy signal. Target of our signals will be 30-100 pips for every buy entry. Without any candle confirmation, we shouldn't open any trade.


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