rodrigosmarts

EUR Is to Take Another Breath

FX:EURUSD   Euro / U.S. Dollar
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2
EURUSD reached the resistance from the previous week tops, beign extremely overbought after 20+ hours without breaking the Higher-High -> Higher Low chain.
I expect the pair to take a breath, retracing 38,2% min., and probably to use the previous 1.2380 resistance as a support to make further movements toward the daily parallel border arround 1.2480-2500.
I wouldn't sell the retracement, buy It'd be great to have the opportunity to buy it again on the support zone .

Comments

Agreed.
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Hi. EUR/USD good idea to buy at the support zone . I would watch the pivot point Low on the 2 hour chart.
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Followed.
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Agreed.
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