EURUSD: under pressure against the background of profit taking

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Source: Exness Forex Broker (Review and Cashback Forex)

Buy on a level breakthrough of 1.1041 with 1.1115 target. Stop loss = 1.0990.

Reason for the trading strategy

According to a senior representative of Greece’s Ministry of Finance Greece and the international creditors have completed the negotiations on the 3rd bailout package totaling 86 billion euros and have reached an agreement. The news provoked a fixation of long positions in the euro. New purchases in the EUR/USD pair are possible if it breaks through the level of 1.1041.

EURUSD, H4

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