The Euro Could be Set for Recovery
The EURUSD decline is slowing down as it nears the 1.07500 support level. This level is crucial for a further movements of the pair. If the Euro would hold above this level within the next couple of days, it could go for a recovery towards 1.08400-1.08600. Thus, long trades could be considered at this support level. The stop loss in this case could be set at 1.07000. This trade will be acceptable even for a conservative trader.
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