EUR/USD rejected 1.14 level twice and pulled back. Possible reversal to the channel level around 1.05.
The pair already broke out the channel in March just to pull back shortly after. There's been also a breakout in spring 2018. The downtrend seen on the weekly and monthly charts may be still intact. The recent advance to 1.14 was probably just something like a false breakout.
EURUSD
The pair already broke out the channel in March just to pull back shortly after. There's been also a breakout in spring 2018. The downtrend seen on the weekly and monthly charts may be still intact. The recent advance to 1.14 was probably just something like a false breakout.
EURUSDNote
I'm waiting for pullback to > 1.137 to get a better entry.Note
Lower Low on H4Note
RSI on daily left overbought zone pointing straight downwards. 50 EMA on H4 crossed price.Note
Will open a smaller Position on Monday to handle my FOMO :)But I still expect price to rise towards 1.14 before dropping.
Trade active
Opened position at 1.133SL at 1.143
1st target at 1.121
2nd target open. SL to BE at 1st.
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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.