EURUSD reaches Channel Top, possibility of a drop
I expected EURUSD to pull back a little this week before rallying further. However, there was no pullback and the rally got even stronger.
In the process, EURUSD reached my Final Buy targets(1.1150) from February(idea links attached below).
As you can see in the chart, EURUSD is now at the top of the Price Channel from where it could potentially reverse.
So, traders can continue to monitor the price action on this pair. If the bulls show signs of exhaustion, Traders
can look for sells between 1.1140-1.1190 with SL above 1.1250.
Sellers can take profit at 1.1050, 1.0940 and 1.0820 respectively.
In the process, EURUSD reached my Final Buy targets(1.1150) from February(idea links attached below).
As you can see in the chart, EURUSD is now at the top of the Price Channel from where it could potentially reverse.
So, traders can continue to monitor the price action on this pair. If the bulls show signs of exhaustion, Traders
can look for sells between 1.1140-1.1190 with SL above 1.1250.
Sellers can take profit at 1.1050, 1.0940 and 1.0820 respectively.
Trade active:
Sell active at 1.1180 SL: 1.1278
