Breakout Identified in EURUSD

Breakout Identified in EURUSD for FX:EURUSD by FXCM

Breakout Identified in EURUSD



BUY
1.16459 – 1.16711 Add to Watch List
Signal ID: 73870
Time Issued: Tuesday, 03 November 2020 05:27:15 GMT
Status: open
Entry: 1.16459 – 1.16711
Limit: 1.17234
Stop Loss: 1.16225

The Breakout Opportunities system has just bought EURUSD at 1.16537. The system recommends entering this trade at any price between 1.16459 and 1.16711. The signal was issued because the EURUSD has broken its 24-hour high while our Speculative Sentiment Index was at -1.36014, suggesting that the EURUSD may have further to rise. A stop loss has been set at the 24-hour low of 1.16225 and a profit target has been set at the 1 Day ATR level at 1.17234. 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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