Hello all,
EurUsd broke out higher off of resistance on the Daily Chart, which was the previous LH from March 17-18. Right now the pair is hitting another resistance. 1hr Fib shows a retrace to about 1.1980ish - 1.1990 ish. Look for price action and make your own determination if to place longs on this pair. My opinion is that this pair will retrace and push higher from resistance.
I am not a financial advisor, this is simply my opinion on EURUSD based on technical analysis and information a read and listen to. Good luck to all!
EurUsd broke out higher off of resistance on the Daily Chart, which was the previous LH from March 17-18. Right now the pair is hitting another resistance. 1hr Fib shows a retrace to about 1.1980ish - 1.1990 ish. Look for price action and make your own determination if to place longs on this pair. My opinion is that this pair will retrace and push higher from resistance.
I am not a financial advisor, this is simply my opinion on EURUSD based on technical analysis and information a read and listen to. Good luck to all!
Trade active
I went ahead and pulled the trigger on a long at 1.2003Note
Trade active
Alright ladies and gents, I am leaving this open with a TP of 1.2120. You all have a great weekend and stay safe.
Trade closed: target reached
Okay, I am currently out on this trade, 127 pips as I kept it rolling a bit longer.
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Related publications
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.