Interval: H1
EURUSD has opened with a big negative gap because of the new problems that appeared in Europe. Cyprus will get a 13 billion dollar bailout, only if it will tax bank deposits with 9.9% on accounts that are equal or bigger than 100k, and 6.75% for those that are under this sum. This measure has to be approved by the parliament today, if so, then the Euro might get back to last week’s closing price. Keep in mind that for this setup we will use a 50 pips trailing stop.
Confirmation level: 1.2930
Stop Loss: 1.2885
Take Profit: 1.3045
Trailing Stop: 50 pips
Trade Setup: EURUSD Closing The Gap by Razvan Mihai