Previous trade worked nicely as we bounced of 1.20. NOw waiting for the price to test the low of the channel and 200SMA. It is a strong area.
1st option is to trade a bounce and buy, looking for reverse patterns on smaller time frames. Fundamentals still show EUR strength.
2nd option is to wait for consolidation and trade the break of the channel and the 200SMA. For that, we need a break and a close below the channel and 200SMA for more confirmation.
Please support the idea and share your thoughts on EURUSD!
Good Luck and Stay Healthy!
1st option is to trade a bounce and buy, looking for reverse patterns on smaller time frames. Fundamentals still show EUR strength.
2nd option is to wait for consolidation and trade the break of the channel and the 200SMA. For that, we need a break and a close below the channel and 200SMA for more confirmation.
Please support the idea and share your thoughts on EURUSD!
Good Luck and Stay Healthy!