Trend of the Day - EUR/USD

The Euro’s trend is up yet not particularly impressive compared to its cousin across the channel, the British Pound. However, EUR/USD sits on top of its breakout point at 1.4343. Usually, these restests of old resistance which has now become new support are good opportunities to take advantage of further gains. A stop based on the average daily range of 135 pips with a reward/Limit target in the 14627 are is one way to trade this.