ChartAddicts

EURUSD: Longs to 1.23000!

Long
OANDA:EURUSD   Euro / U.S. Dollar
Reading price, we can see that EURUSD is on an uptrend with strong shifts in momentum in our potential direction. Price has cleared previous swing highs and is testing as new swing longs with a double bottom and rejection and key psychological areas. If price holds above this zone look for longs to 1.23000. If price breaks, we must reevaluate price action. Due to the uncertainty of market fluidity risk management is highly recommended.
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