Breakout Identified in EURUSD

Breakout Identified in EURUSD for FX:EURUSD by FXCM

Breakout Identified in EURUSD



Signal ID: 72779
Time Issued: Tuesday, 04 August 2020 07:18:15 GMT
Status: open
Entry: 1.17623 – 1.18012
Limit: 1.18560
Stop Loss: 1.17004

The Breakout Opportunities system has just bought EURUSD at 1.17829. The system recommends entering this trade at any price between 1.17623 and 1.18012. The signal was issued because the EURUSD has broken its 24-hour high while our Speculative Sentiment Index was at -2.12721, suggesting that the EURUSD may have further to rise. A stop loss has been set at the 24-hour low of 1.17004 and a profit target has been set at the 1 Day ATR level at 1.1856. 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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