EURUSD Trade Idea - 15 May

EURUSD Trade Idea - 15 May

15 May 2020 11:53 AM
 

EURUSD:- Double candlestick reversal pattern – bullish engulfing is formed on the 4 hour chart of EURUSD. Immediate support and resistance for the pair is seen at 1.0795 and 1.0850 respectively. RSI (14) is at 45 mark – which seems trying to move above the zero-line of 50 mark.

Our Preference:- Buy at 1.0805

Target:- 1.0850

Stop loss:- 1.0785