$EURUSD missed the move? here is the next potential setup
If you missed the EURUSD bull run here is the next potential setup that might be coming up,
EURUSD has broken through significant levels and looks like it could be attempting new month highs where it will be encountering potentially significant resistance at 1.3180 (previous highs and descending upper trend line)
Look for a signal to sell short with a target of 1.3000 where we have a confluence of the 20 daily MA, lower trend line support and is psychologically significant.
A sustained breakout of 1.318/20 would make this pair extremely bullish and then I would look for an entry to go long as next level of resistance doesn't come in until 1.3280
EURUSD has broken through significant levels and looks like it could be attempting new month highs where it will be encountering potentially significant resistance at 1.3180 (previous highs and descending upper trend line)
Look for a signal to sell short with a target of 1.3000 where we have a confluence of the 20 daily MA, lower trend line support and is psychologically significant.
A sustained breakout of 1.318/20 would make this pair extremely bullish and then I would look for an entry to go long as next level of resistance doesn't come in until 1.3280
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.