Breakout Identified in EURUSD

Breakout Identified in EURUSD for FX:EURUSD by FXCM

Breakout Identified in EURUSD



Signal ID: 73492
Time Issued: Thursday, 01 October 2020 06:07:15 GMT
Status: open
Entry: 1.17336 – 1.17688
Limit: 1.18250
Stop Loss: 1.16845

The Breakout Opportunities system has just bought EURUSD at 1.175. The system recommends entering this trade at any price between 1.17336 and 1.17688. The signal was issued because the EURUSD has broken its 24-hour high while our Speculative Sentiment Index was at -1.98235, suggesting that the EURUSD may have further to rise. A stop loss has been set at the 24-hour low of 1.16845 and a profit target has been set at the 1 Day ATR level at 1.1825. The system will move the stop to the next 24-hour low every time that 24-hour low is higher than the previous 24-hour low. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.

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