therealjaso

EURUSD power-run repeat

FX:EURUSD   Euro / U.S. Dollar
EURUSD has been hovering around my Daily support zone and may not make the break to new historical lows for now. I see another power-run coming potentially higher than the previous, it's in a take-off zone. If it hit my SL, I'll most likely re-enter and set SL @ 1.04668 it's just under the lowest point it's been able to make since this big dip. I don't expect this to be a recovery run, too much still up in the air, so remember that trailing SL and expect another pull-back. Easy ping pong play, if you use your S&R zones as potential entry points.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.