currencynerd

short sell , long buy ..

FX:EURUSD   Euro / U.S. Dollar
price is trading above MN bullish trendline , from its original swing low price has retested and gave us several touches on the trendline , with each retest price could not close any candlestick below it on the MN timeframe. The last retest resulted in price breaking out of a bearish trendline that had been forming , connecting two lower highs. I see price continuing its retracement to retest the break of the bearish trendline and give as another touch on the bullish trendline pushing price to the upside with targets at previous MN demand @ 1.17181 which in future could serve as supply.

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