ForexTrendline

When should you buy EURUSD

FX_IDC:EURUSD   Euro / U.S. Dollar
The retracement on EURUSD becomes more likely, but we keep seeing lower lows every day.
This is the reason why we trade with the trend.

Yesterday we pointed out the 1,1190 level and then we saw market reaction of that level.

However, we still don't have a confirmation that this retracement has started. In case of another retest of 1,1190 and then a bounce of that level, we could look for buying opportunities.

The first resistance level which should be violated is 1,1220.

Trading against the trend and trading the pullbacks carries more risk - use less volume!

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