Long
expect another rise attempt
EURUSD has attempted to break 1.185 which used to be a strong support now resistance but failed and dropped agressively given back all its daily gain however managed to survive above daily 50MA.
the daily 50MA currently at 1.18074 was proven to be a strong support (last week's high 1.18099) so I expect the price to stay strong and hopefully above 1.1805.
It's also close to the lower edge of my rising channel, so I hope it to give 1.185 another try and maybe there's a possibility to break it and then start a new era.
SL: below 1.1805; mine is at 1.18026
TP: 1.184 - 1.185; trailing stop so wish me GL
the daily 50MA currently at 1.18074 was proven to be a strong support (last week's high 1.18099) so I expect the price to stay strong and hopefully above 1.1805.
It's also close to the lower edge of my rising channel, so I hope it to give 1.185 another try and maybe there's a possibility to break it and then start a new era.
SL: below 1.1805; mine is at 1.18026
TP: 1.184 - 1.185; trailing stop so wish me GL
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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.