EURUSD are looking forward to the long direction. In recent days I have had several times smaller losses with EURUSD trades. So I planned a more conservative approach. The figure shows the correction band for the time frame H1. This means that the exchange rate moves within this band within 1 hour due to the H1 ATR. Half of the band is level 1.08302. This means that if the exchange rate moves northwards from this level, we may experience a strong rise. As my price has fallen very steadily over the past few days, we have to wait for a back tested H1 correction band. This level is the 1,08450 From here we can go to long position.
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