Petr Suchanek
Long

EURUSD ready for long?

FX:EURUSD   Euro / U.S. Dollar
520 2 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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I think we need to further go down before a reversal
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For me, the key-level here was 1.365 (high tf's), where from we can dive to 1.357
snapshot
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