FX.co ★ EUR/USD

Hello traders, I am currently considering intraday purchases on the EURUSD currency pair on the H1 timeframe from the first support level at 1.1710 and from the second level at 1.1690, with a target up to 1.1750. The stop loss could be placed below 1.1670. Fibonacci levels indicate the depth of the instrument's correction, with the 50.0 and 61.8 correction levels being the most effective. To make a final decision, let's look at a smaller timeframe.

On the M15 timeframe, a purchase from the decent level at 1.1710 could also be considered. With a tight stop at 1.1700, the target could be set at 1.1750. Both on the H1 and M15, the purchases are confirmed.