Petr_Suchanek

EURUSD ready for long?

Long
FX:EURUSD   Euro / U.S. Dollar
1
It looks like the Eur pulled back below a very important pivot (1.3700). My bias here is now bullish, since I assume the pullback is only a bear trap. So I primarily look for entry long, which is highly dependent on the price behaviour around 1.3700. If the price breaks up through 1.3700 decisively, I am prepared to enter at the retest of 1.3700. If a false break of 1.3700 occurs and the price decisively moves back down, there of course will be an opportunity to go short, again with entry at the retest of 1.3700. But since the Eur looks still strong, I am rather long here. Let us see, what unfolds.

Petr

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