EUR Tech trader
LONG 1.3170
Target 1.3310
Stop 1.3110
Scope for a retest of the 50% fibo of the Feb/Apr fall at 1.3229 despite intraday easing. This following the break and close above the 38.2% yday. The upper Bollinger provides resistance ahead and could see some stalls intraday. Spot trades off the highs at present but hrlies are threatening to bounce again. Stops raised to reduce risk.
LONG 1.3170
Target 1.3310
Stop 1.3110
Scope for a retest of the 50% fibo of the Feb/Apr fall at 1.3229 despite intraday easing. This following the break and close above the 38.2% yday. The upper Bollinger provides resistance ahead and could see some stalls intraday. Spot trades off the highs at present but hrlies are threatening to bounce again. Stops raised to reduce risk.
Trade smaller than rational because the market is irrational...