EuroUSD has completed its retracement of 61.8. Now it should try to go touch 1.25 again.
Trying to overcome the selling pressure will be a difficult job, because 1.25 has already proven itself has very strong Resistance point , and similarly 1.225 has proven to be strong support zone.
What happens next , is anyones guess. Deponding upon market sentinment 1.25 should be breached, but not w/o firefight which means bloodhed i.e.. USD will appreciate in value. trying to pull the price below 1.22, then again try to break 1.25.
In short it means, it is gonna swing side ways, no clear signal of trade. So it is No trading zone.
Only with brave hearts and loads of waste money should try their luck.
My opinion: Stay out of it.
PS: All the opinions are mine and mine only, i am no way trying to influence your trading decision.
Its your money, you have to decide what u do with it.
Thanks
KryptoTimes
Trying to overcome the selling pressure will be a difficult job, because 1.25 has already proven itself has very strong Resistance point , and similarly 1.225 has proven to be strong support zone.
What happens next , is anyones guess. Deponding upon market sentinment 1.25 should be breached, but not w/o firefight which means bloodhed i.e.. USD will appreciate in value. trying to pull the price below 1.22, then again try to break 1.25.
In short it means, it is gonna swing side ways, no clear signal of trade. So it is No trading zone.
Only with brave hearts and loads of waste money should try their luck.
My opinion: Stay out of it.
PS: All the opinions are mine and mine only, i am no way trying to influence your trading decision.
Its your money, you have to decide what u do with it.
Thanks
KryptoTimes