This is a small long position. The premise is mostly that we are looking for a possible short term continuation of what can be looked at as a technical bounce. About 50 PIPS would be the target. Entry is .9614
EUR/USD – Moved stop to +145 PIPS
There is a less steep trendline (Red Arrow) which would be a fairly aggressive target from here.
There is a potential resistance area about 70 PIPS higher than current price (Orange Arrow)
EUR/USD – Moved stop to +75 PIPS
The pair did reach the trendline. Stop was moved higher and we’ll watch the market action.