$EUL
#EUL LONG
Entry: 1.1800 - 1.2300
Stoploss: 1.1000
Take Profit: 1.3500
Take Profit 2: 1.5000
Price has flattened out into a base around the 1.20-1.25 zone after the initial decline, and today's up 4.82% with a green push above that dotted level. Order book is slightly favoring long (52%), and the base looks like it's stabilizing after a long downtrend.
That said, this is still well off the highs (was near 2.50) and 90-day is still slightly negative, so this is a range/basing play more than a confirmed reversal — keep an eye on whether it holds above 1.20.
#EUL LONG
Entry: 1.1800 - 1.2300
Stoploss: 1.1000
Take Profit: 1.3500
Take Profit 2: 1.5000
Price has flattened out into a base around the 1.20-1.25 zone after the initial decline, and today's up 4.82% with a green push above that dotted level. Order book is slightly favoring long (52%), and the base looks like it's stabilizing after a long downtrend.
That said, this is still well off the highs (was near 2.50) and 90-day is still slightly negative, so this is a range/basing play more than a confirmed reversal — keep an eye on whether it holds above 1.20.