looks like a good place to reverse to long

FX:EURUSD   Euro / U.S. Dollar
71 10 4
A bounce ought to happen here, imho            
doesn't look good for a bounce here - it has only dropped a few pips, but it is now underneath support, now resistance. I am looking short again
+1 Reply
With the NFP due tomorrow, I think short is a safer trade
JimFred HamedAghajani
Depends on your trading time frame ... I am trading 30 min bars, so tomorrow is several trades away.... At the moment, the initial support I saw looks like it has held. However, seeing such a weak bounce makes me wary of going long here. I think I will stay on the sidelines for a bit, until it is clear what it wants to do. Happy trading!
Cityfox JimFred
Did you have a good day on EURUSD?
JimFred Cityfox
wish it was that good every day...
Cityfox JimFred
I'm long 1.2376...hmmmm
Hi, How much long you mean?
JimFred HamedAghajani
if it breaks down again, here are the best places to reverse (imho) when it reverses, MAYBE here, the bounce ought to be pretty good....
+1 Reply
Thanks, I meant how much upside do you expect in this pair?
unless 123734 breaks - then short again to 123258
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