Trading recommendations:
According to the previous events, the price has still been trapped between 0.8190 (50% of Fibonacci retracement levels) and 0.8120 (23.6% of Fibonacci retracement levels).
- Long buying:
- Buy above 0.8060 with the first target of 0.8120, it might resume to 0.8230.
- Short selling:
- Outlook -1-: Swing trade at 0.8234 in order to sell with a traget of 0.8100.
- Outlook -2-: Below 0.8050 look for further downside with 0.8000 and 0.7975 targets.
Warning:
Stop Loss should never exceed your maximum exposure amounts.
Risk to reward ratios are important and should be calculated.
