Good day everyone,
As we can see EURUSD is trading sideways for a couple while now, 3 dojis in a row (daily).
Overall im bullish on eurusd as showed on weekly timeframe (rsi bullish divergence also) .
So far the 50ema on H4 timeframe is being respected as support.
So its sideways moving right? what means a break up or down can disrupt a strong rally into the proper direction.
A breakout above 1.13800 can make the price go straigh toward 1.15000 zone .
Whatch out for fakeouts, some times its better to enter the time a little late than enter wrong.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
As we can see EURUSD is trading sideways for a couple while now, 3 dojis in a row (daily).
Overall im bullish on eurusd as showed on weekly timeframe (rsi bullish divergence also) .
So far the 50ema on H4 timeframe is being respected as support.
So its sideways moving right? what means a break up or down can disrupt a strong rally into the proper direction.
A breakout above 1.13800 can make the price go straigh toward 1.15000 zone .
Whatch out for fakeouts, some times its better to enter the time a little late than enter wrong.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
Comment:
The pair did break up but it was a fakeout after all, looks like its not this time the pair will recover to higher levels.
