Overall it is a bullish trend but I doubt the bulls have enough strength to break the triangle formation. So the market would go back into the green zone once again and then attempt to break the resistance. A low risk entry with a great profit ratio ahead for this coming few weeks. I would re-manage my trade as the market approaches 1.075 level (I would either add to my position or move stop loss to breakeven point or take out some profits) according to the market's movements.
Trade at your own risk.
Happy trading everyone and have a great week ahead!
Trade at your own risk.
Happy trading everyone and have a great week ahead!
