chow_jiehui

EURUSD awaiting movement, will the support 1 hold?

FX:EURUSD   Euro / U.S. Dollar
Bias Basis
1) Strong Euro continues to sustain a strong longer term uptrend
2) Obvious price level to watch appears
3) On a shorter term, a correction may seem possible given the upcoming risk event this weekend and the price action till now

Trade Idea
At this moment, I remain neutral (Not wanting to chase up to join the FOMO crowd yet not looking to sell at the moment as I need to look at how others are playing this pair in the coming days). That said, I'm more inclined to look for a sell and will monitor this pair closely. I urge all to remain patient and wait for confirmation before jumping into a longer term position given the risk event happening this weekend.

Good luck and have fun!