Oct 08 2018

Trade idea for the day

EURUSD: The pair seems trading close to its intraday bottom, a trend-line support is at 1.1475. Slow Stochastic on a hourly chart is at extreme oversold mark at 10. Immediate resistance of 50 period EMA is at 1.1513.

Our Preference: – Buy at 1.1478-83

Target – 1.1510

Stop loss – 1.1463