Art_of_Trading

EURUSD: Key Levels & Zones

FX_IDC:EURUSD   Euro Fx/U.S. Dollar
On FX_IDC:EURUSD             , I have decided to highlight key zones on 1H chart bars.
The price moves between 2 key levels - 1.1388 and 1.1335. In addition, the triangle is formed between those two levels. It the price breaks the triangle and support level at 1.1335, it could be a good indication to go short. However, there was a fake breakout before (see long shadow), so please be extra careful; the confirmation is needed

Moreover, there were a nice channel yesterday; the price broke that channel trendline (dynamic resistance), and then tested back, and that trendline acted as support then. Thus, take into account that trendline , it may act as dynamic resistance again.
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