EURUSD - Potential Rally to 1.08500?
Updated
Like anything ending with USD, it looks like EURUSD has maintained it's upward momentum past local S/R lines. My bias is favoured toward the upside until around the 1.08700 mark.
If there are clear signals this week, I will initiate a long position targeting key resistance as my final destination. Then I will look to short from there.
Good luck everyone!
If there are clear signals this week, I will initiate a long position targeting key resistance as my final destination. Then I will look to short from there.
Good luck everyone!
Trade active
Long - 1.07126S/L - 25pips
1st T/P - 1.08000
2ns T/P - 1.08700
Trade closed manually
EURUSD seems pretty quiet before Draghi's speech today. I am closing this out to minimize my risk as I have other USD positions open.+32 pips
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