EURUSD was under pressure due to nemeruous reasons but on technical charts a breakout above 0.9869 is witnessed from decending falling channel.
Would the breakout would be sustainable? I think yes if Dollar Index remained under correction mode chances are wide that it keep moving upward and re-test next levels of resistance as mentioned in charts.
However breaking below 0.9869 would take the assumption false.
Work with risk management
Would the breakout would be sustainable? I think yes if Dollar Index remained under correction mode chances are wide that it keep moving upward and re-test next levels of resistance as mentioned in charts.
However breaking below 0.9869 would take the assumption false.
Work with risk management
Trade closed: target reached
1st target reached......Better to go for trailing stop-loss if want to carry long positions for 2nd target 1.0019
Stay blessed - dont forget to like our idea's
Trade active
1st Target 1.00948 Achieved...Retest to breakout base support at 0.9915 and 0.9852 may generate buy signals again for the same targets 1.00948 0 and 1.019
Good luck
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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.