germanbel
Long

EURUSD: Bias Up

FX:EURUSD   Euro / U.S. Dollar
I share my forecast.

As predicted in previous forecast, the pair turned round from 1,2205 to go up to find resistance 1,2600.
Price has just broken resistance 1,2470 opening the gate to continue going up. We may see a consolidation period below this resistance in order to gather strength to reach 1,2600 or higher.

This scenario would be invalidated if support 1,2370 is broken down, which will drive the price towards support 1,2180.

Remember to do your homework and take your own decisions.
THIS IS NOT AN INVESTMENT ADVICE.
Comment: Price finally broke down support 1,2370 and already did 100 pips in its way to support 1,2180. Price may continue down but I prefer to close shorts at this point (1,2293) and wait for fresh data for next week.

Remember to do your homework and take your own decisions.
THIS IS NOT AN INVESTMENT ADVICE.

Happy Week End.
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