EURUSD has broken outside the 1st standard deviation from weekly (120-h) mean amid expanding volatility, signaling a probability of a leg of weekly uptrend.
Traders can take long positions close to the upper 1st standard deviation (1.1225 now) with stops at weekly mean (1.1175)
Target is 100 pips off the 1st standard deviation - at 1.1320, with break-even level at 1.1295 (trade can be put to breakeven when the level is reached)
Traders must also be aware of EU news coming out 10 and 13 UTC on Tuesday!
Traders can take long positions close to the upper 1st standard deviation (1.1225 now) with stops at weekly mean (1.1175)
Target is 100 pips off the 1st standard deviation - at 1.1320, with break-even level at 1.1295 (trade can be put to breakeven when the level is reached)
Traders must also be aware of EU news coming out 10 and 13 UTC on Tuesday!