FX.co ★ EUR/USD

Hello traders. Currently, there is an upward movement on the EURUSD currency pair. The trend indicator, a 120-period moving average, is below the price, indicating buyer strength. The ZigZag indicator also confirms the upward structure as the highs are increasing. Confirmation of the northern direction will be the hourly candle closing relative to the 1.1530 moving average. Throughout the day, it is more advantageous to consider buying rather than selling. I plan to buy from the level of 1.1530 with the first take profit at 1.1570, the second take profit at 1.1610, and set the stop loss for both orders at 1.1500. Selling can be considered after the pair breaks through and consolidates above the price level of 1.1470. The take profit for sales is set at 1.1430, and the stop loss for the trade is placed at 1.1500.

Let's look at the fifteen-minute chart to confirm the purchases.