EURTRY - 240 - Still below the downside line, but...
Trade Alert
EURTRY is still below its downside resistance line that has been dragging since the August highs. But the pair seems to be holding onto its key support level near 6.0125. Certainly, if the pair breaks below that, then we will continue aiming lower. But given the fact that EURTRY has struggled to overcome that barrier twice already, there could be a chance to see a bounce. But, of course, before we could start considering much higher levels, first we need to see a break above the aforementioned downside line and a close of the daily candle above the 6.1400 hurdle, marked by yesterday's high.
Please see the chart for levels.
Don't forget your SL.
EURTRY is still below its downside resistance line that has been dragging since the August highs. But the pair seems to be holding onto its key support level near 6.0125. Certainly, if the pair breaks below that, then we will continue aiming lower. But given the fact that EURTRY has struggled to overcome that barrier twice already, there could be a chance to see a bounce. But, of course, before we could start considering much higher levels, first we need to see a break above the aforementioned downside line and a close of the daily candle above the 6.1400 hurdle, marked by yesterday's high.
Please see the chart for levels.
Don't forget your SL.