After the dovish speech from Mario Draghi on thursday, EURUSD fell near the strong support level of 1.15. Expecting a potential Head&Shoulders pattern, we think that a trade with a low risk and high return can be made.
We condiser a Take Profit at 1.21 - 1.216 range and Stop Loss should be close to the support level to minimize the risk.
NOTE: Consider a Stop Loss or a close of the position in case that the support break is followed with a full candle closed below the support price.
We condiser a Take Profit at 1.21 - 1.216 range and Stop Loss should be close to the support level to minimize the risk.
NOTE: Consider a Stop Loss or a close of the position in case that the support break is followed with a full candle closed below the support price.