Long or Short: Long setup on the 1hr chart
Entry Point: 0.9350
Stop Loss: 0.9410 (above the Fibonacci levels and .9400 handle)
Profit Target: 0.9250
Risk Ratio: 1.67:1
Risk involved: 1% of account
Rationale:
Technical - Possible Fibonacci resistance at the former support area. It’s also near the .9400 big psychological level
Fundamental - Profit-target and comeback of US traders could create demand for USD in the short term. And then a deal on Greece would boost risk appetite.
Trade Adjustments:
I’ll move my stop to break even as soon as the pair reaches its previous lows just above my profit targets