EUR/USD Viva la resistance
Updated
With a retracement back to the 61.8% fib, I'm hoping 
EURUSD will bounce up to somewhere around the 1.1350 area. This would line up with the previous years test of resistance (Head and Shoulders) which I've highlighted with Yellow circles and as you can see we have no broken that level since then.
EURUSD will bounce up to somewhere around the 1.1350 area. This would line up with the previous years test of resistance (Head and Shoulders) which I've highlighted with Yellow circles and as you can see we have no broken that level since then.Trade active
Entered @ 1.12275Target @ 1.13500
Stop @ 1.11639
Comment
Possible test of the MAs, if it does test either the 8 or 21 MA, I will expect a bullish move off of that. I don't expect to see any real movement until the London open.Comment
Comment
As I suspected, we are getting a pull back to the MAs. I expect some further bearish movement before returning bullish.Stops and Targets still standing.
Comment
My theory was correct, we had a bearish move down to the 21day MA before returning to the original bullish trend. Patience is key for me.Comment
Still long on this one. Adjusted stop to 1.12010.Comment
Adjusted my stop back to what it was in the start due to various news events. Almost got stopped out but I believe that this will continue it's previous bullish trend.Trade closed manually
Closing out rather than letting it go all the way to the stop.
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