It appears that EURUSD might rally for a short period, at least 80-120 pips.
Reasons -
Double bottom at a support level that seems to be holding, a short term up trend on the 1H Chart (that could be just a retracement/correction in the larger scale of things) and a break of trend line towards the up side.
Lets see how it plays out.
Reasons -
Double bottom at a support level that seems to be holding, a short term up trend on the 1H Chart (that could be just a retracement/correction in the larger scale of things) and a break of trend line towards the up side.
Lets see how it plays out.
Trade active:
Looks to be going well. Barely an hour after posting.
Comment:
Oh well. Stopped out. Woukd have been a winner if you were going for a 1:1R i.e 30pips profit