FXNOVA Strategy – EUR/USD Buy Setup Above 1.1785
Type: Buy
- Entry: 1.1790 (above 1.1785 support pivot)
- Stop Loss (SL): 1.1765
- Target A (TP1): 1.1830
- Target B (TP2): 1.1850
🔎 Market Outlook
EUR/USD has built a support base at 1.1785, providing temporary stabilization and favoring a mild bullish bias. As long as this level holds, buyers may attempt to extend the rebound toward 1.1830 and 1.1850.
Momentum indicators show a neutral-to-positive outlook, suggesting consolidation with potential for upside continuation.
A confirmed break below 1.1785 would weaken the bullish view and open the way to 1.1765 and 1.1745.
📈 Trade Management Guide
- At TP1 (1.1830) → Move SL to Entry (1.1790) for a risk-free trade.
- At TP2 (1.1850) → Move SL to TP1 (1.1830) and close fully or partially depending on strategy.
⚠️ Alternative Scenario
Below 1.1785, bearish momentum may extend with targets at 1.1765 → 1.1745.