Looking at the charts on the weekly TF, price is attempting a retest on the previous support already broken. If it holds as a new found resistance we just might see price push lower on $EURUSD. For now, I'd rather wait to see the way price will choose to move. Key area in focus is 1.06964
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Disclaimer:
All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
Happy trading. Follow and like for more. Thanks
Disclaimer:
All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
Note
Price held at the resistance and now broken my area of reference at 1.06361, we wait to see if the area will be retested and hold before diving inNote
Price eventually retested the 1.06361 and wick out on it which formed a broken support becoming a new found resistance.It is wise to break-even on this trade at this point.
Ride the trend!!!
EURUSD
Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.