Classic Setup

FX:EURUSD   Euro / U.S. Dollar
Well, this is classic setup when resistance becomes support (this one) or support become resistance. Yet, since there is bullish engulfing pattern, I'm not sure the price will go down and look for long when the last candle break the high of previous candle. Also, The resistance on 1.2875 - 1.2885 looks promising to sell.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.