EURUSD Break Above Resistance
Another break-out above resistance here. The EURUSD so far as closed above the resistance zone of 1.08980-1.09090 marked in yellow on the 30 minute chart and looks like it will also close above this zone on the hourly in just a few minutes here. I will be taking a long position on the hourly close assuming it is still above this zone. My consensus is that it will move up to around the 1.1 level where it will bounce around a bit and eventually return back down to what is now the support zone of 1.08980-1.9090
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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.