Buyers are in control. We have tested the 38.2% Fib resistance around 1.1370 multiple times now, and it will break eventually.
Buyers may need a tiny breather down to the lower end of the rising channel before that happens.
A good swing trade will be to buy around the lower end of the channel, OR wait for the break of 1.1370 and buy when we retest that level.
Momentum indicators are in favour, however 50/55 MA around 1.1380/83 might cap the first attempt on the 1.1370 break..
EURUSD
Buyers may need a tiny breather down to the lower end of the rising channel before that happens.
A good swing trade will be to buy around the lower end of the channel, OR wait for the break of 1.1370 and buy when we retest that level.
Momentum indicators are in favour, however 50/55 MA around 1.1380/83 might cap the first attempt on the 1.1370 break..
EURUSDTrade active
buying some here @1.1348Trade active
Locking in profit on 50% of the positionTrade active
Important break of the 38.2 Fibonacci restistance @ 1.1372.. The importance of that level is shown this morning, with a test of that level now as important support. We´re bouncing perfectly off :)
Trade active
Bought some @ 1.1375, fibonacci support zone. Perhaps a little early.I have orders to buy some more closer to the lower end of the rising trend around 1.1360/65
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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.