EURUSD: Long until Break Down

I share my forecast.

In my last idea I mentioned that price may cheat traders correcting down to 1,1885 and 1,1835 with a hedge level at 1,1775. Every time price went down hedge level reacted up. Maybe is consolidating to finally go up to 1,2020. Or... bears will win the batlle if price breaks down level 1,1700 to find the untouched support level at 1,1550 or further.

Remeber to do your homework and take your own decisions.

Comment:

Price is going up as predicted BUT in slow motion.
Good strategy to follow is to hedge now in order to protect profits up to here and settle a take profit at 1,1970 and of course mantain the stop loss level (reverse) at 1,1700 level. Level 1,1970 may be touched with a spike up for then begin going down. Pair seems to be overbought.

Remeber to do your homework and take your own decisions.

Comment:

Very Low Volatility. Price continues going up in SLOW MOTION.
Happy Holidays!!!

Remeber to do your homework and take your own decisions.

Comment:

Almost 1,20000. Regarding the forecast, is almost done. Exiting longs.
Happy Holidays!!!

Remeber to do your homework and take your own decisions.