We are setting traps on EURUSD as it slowly reached on our long-term trend trend line resistance. Tough candle closes with strong green momentum. It nearly closed with no wick and strong body.
Well EUR/USD had it's bearish momentum breaking out long term dependable zone the other day. Still that level is confirmed by past months and c point on our fibo. Now price have bounced on my unconfirmed base line trend line below. If price pushes back to the dependable zone, it might come down again. Hit the like button if you agree!
Dependable level at 113.628. Expecting to bounce a little and be able to reach resistance at 114.061. Waiting for the close of the present candle (06:00UTC+8) to confirm the level. Have a great day ahead!
Setting up traps on my charts today EUR/USD might bouncde back on this long term support. Support has been reliable this couple of months. Waiting for close of candles to confirm it. Have a nice day