Hello traders!
After a solid support at 1.13 euro is going higher and higher.
Progress is being exhausted after some positive news from US
but the pair was overbought heavily.
So fundamentals don't necessarily justify past week's capitulation.
Now after recuperating I am looking for further upside and reverse around 1.15 area.
Technically driven the trend will not be as violent going into the future
as the Gann fan line 1/1 was broken going into 2/1 line the more stable slower trend line eventually takes place.
You know the drill by now so always place stops.
Trade safe, Trade well.
After a solid support at 1.13 euro is going higher and higher.
Progress is being exhausted after some positive news from US
but the pair was overbought heavily.
So fundamentals don't necessarily justify past week's capitulation.
Now after recuperating I am looking for further upside and reverse around 1.15 area.
Technically driven the trend will not be as violent going into the future
as the Gann fan line 1/1 was broken going into 2/1 line the more stable slower trend line eventually takes place.
You know the drill by now so always place stops.
Trade safe, Trade well.
Trade active:
Price fell right into my limit order
Trade closed: target reached