Price reached the resistance level 1.0800 and it is a good level for opening short trades. Entry level should be below the low of the bearish candle. Stop orders must be placed above the local swing high. Profit targets are at the support levels 1.0500 and 1.0400. If price breaks the resistance level 1.0800, the next reversal zone can be at the downtrend line with the same profit targets. Short trades can be opened based on the daily and hourly charts.
It is quite funny. I was looking at few of the top EUR/USD analysis (Long term) and we all share the same opinion. I hope we are right! Check mine - also very similar to yours I think. Also have a nice weekend buddy!
DLavrov
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@Trader_Dale, thanks for your comment and the interesting chart ) Have a nice weekend too!
Nhatrang
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Let's see what will happen
Dude1913
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I am still long half position from friday.......
Dude1913
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Hope you are wrong on this one ;-)
DLavrov
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@PSVert, why not? But as for long trades, you should buy from 1.05 level.
Dude1913
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@DLavrov, Because if you are right, I am wrong ;-) Anyway for some reason I expect a break above 1.79...1.80