Breakout Identified in EURUSD BUY

19 May 2020

1.08942 - 1.09468 Add to Watch List
Signal ID: 71885
Time Issued: Tuesday, 19 May 2020 06:19:15 GMT
Status: open
Entry: 1.08942 - 1.09468
Limit: 1.10097
Stop Loss: 1.07993

The Breakout Opportunities system has just bought EURUSD at 1.09259. The system recommends entering this trade at any price between 1.08942 and 1.09468. The signal was issued because the EURUSD has broken its 24-hour high while our Speculative Sentiment Index was at -1.26523, suggesting that the EURUSD may have further to rise. A stop loss has been set at the 24-hour low of 1.07993 and a profit target has been set at the 1 Day ATR level at 1.10097. The system will move the stop to the next 24-hour low every time that 24-hour low is higher than the previous 24-hour low. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.