Transaction Forex Risk Advisory
Nov 08 2017

Buy ERUUSD at 1.1530-40 for the target of 1.1650

EURUSD:- After the breakout of  “Descending Triangle Pattern” EURUSD started consolidation in recent sessions, though the biasness still remains bearish as per triangle pattern breakout the  pair will test 1.1400-1.1450 in near term. Presently, in current scenario currency pair is trading close to its oversold territory as 14-day  Relative Strength Index(RSI) is hovering at 37 mark on a daily chart. Short term support is seen at around 1.1530-40.

Trade Idea:- Buy ERUUSD at 1.1530-40 for the target of 1.1650 with a stop-loss of  1.1490.

Good Luck…!