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EURUSD, 30-minute timeframe chart

EURUSD retested the support level of 1.08550

๐Ÿ‘‰ Level explanation
EURUSD has been trading in a bearish trend for the last couple of hours. The pair moved down to the support level of 1.08550.

๐Ÿ‘‰ Possible scenario
The best way to use this opportunity is to place a Buy order at 1.08561.

Set your stop loss at 1.08414 below the previous low ($1.47 loss for 0.01 lot) and take profit at 1.08708 ($1.47 profit for 0.01 lot).

The risk-reward ratio for this order is 1:1.

The upcoming news will not influence your orders within the mentioned period.

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