EUR/USD/Trade Ideas

EUR/USD: Cheap and cheerful trade idea

Buy at 1.3260 with s/l at 1.3237 and t/p at 1.3445.

That’s certainly a fierce risk-reward ratio but of course you can expect the odds to be against it. Nevertheless, solid bids are reported 1.3250/60 from Sovereigns and real-money players and the low overnight was 1.3265 so if this level is tested and holds, then the EUR bulls could be off to the races again (not Pamplona this time 🙂 ).

  1. There is large option expiry at 32 with heavy bids over there. So, it looks better to set stops under this strong support area. But buying there seems to give really good opportunity to catch highs of the year .

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