After the news yesterday we saw a sharp upside momentum on EURUSD. Now we are not trading in the range anymore and it looks like the level of 1,0279 will act as support.
If price rejects that level we could expect another push up toward 1,0423.
Also, if price is about to move higher we want to see a breakout of the previous high in order to confirm that there is enough strength to continue upwards.
Right now, EURUSD isn't the best choice when it comes to trading against the dollar!
Very high-quality description, my friend. I just got a high from reading it 😌 I think that the idea will work pretty quickly, with the current volatility it has every chance to do so.