11021992

EURUSD: Daily trendline reached

Long
FX:EURUSD   Euro / U.S. Dollar
Hey traders,

The EURUSD has touched one of the two daily trendlines . Both trendlines are roughly the same, but one of them is connected to the bottom of the wick and the other one to the bottom of the body.
Could possibly see some bullish moves to 1.23700 - 1.24000 area.
Comment: Bearish scenario seems more likely now.

Comments

How about now? Remain long? Or take a short?
Reply
11021992 Maarten756
@Maarten756, The second trendline is holding for now, but let's wait for confirmation first as it seems likely to break.
Reply
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