EURUSD - Buy setup

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EURUSD - Buy setupEuro vs US DollarICMARKETS:EURUSDprofxedgeDollar strength moment potentially over, although not certain in the medium to long term, and a retest of the 97.65 - 96.65 area possible, which translates in a potential reversal to the upside on EURUSD and GBPUSD. Albeit potentially temporary and limited to the next couple of weeks, as well as now potentially being countertrend in the medium long term, buy setups on dollar pairs should be taken when they present themselves. This is the first potential setup, on EURUSD: stop loss under today's daily low, 1.15749, which collides with the previous month's low and needs to remain intact. If this plays out without any breach of said low, the potential is there to keep this trade all the way to its daily target, i.e. 1.18500 app., making it a 1 to ca. 15 risk to reward operation. Trade with care, levels on the chart. Trade well. Stay disciplined. If you find value in this perspective, please follow us for future market analysis and structured insights.