Reasons:
1. Resistance power seems to remain strong
2. Price needs to pull back but it is not expected to shoot up without total good fundamental news (for example, Italy compromises)
3. With uncertainty from GBP, EUR will be affected once again.
Entry: 1.14000-1.14100
TP: 1.13400
SL: 1.14400
1. Resistance power seems to remain strong
2. Price needs to pull back but it is not expected to shoot up without total good fundamental news (for example, Italy compromises)
3. With uncertainty from GBP, EUR will be affected once again.
Entry: 1.14000-1.14100
TP: 1.13400
SL: 1.14400
Comment:
Keep an eye on 1.14000, because the price might pivot there due to showing lack of upward momentum.
Comment:
1.14000 has approved to be an effective entry. For those of you who read this I sincerely hope you entered in time and best of luck!
Trade closed: target reached