Hi,
Technical setup forming on the EURUSD. A test of the 618 Fib level and a break of the channel formed will give us the signal to buy into the pair. 15:30 GMT US Crude Oil Inventory to come out which will give the next turning point in the market.
Entry: 109350
Stop loss: 109042
Target: 109807
Trailing stops at 109568 to break even. Taking a 1% risk on this trade.