NK008

EURUSD| GO LONG OR GO SHORT

FX:EURUSD   Euro / U.S. Dollar
Good morning Traders,

price action is proving resilient and is suggesting it may create a deeper channel, will it complete the channel and push out with a strong bearish close or will it just continue ascending upwards, is the main question I will be asking.

In my view of price action, I see further upside because we still have some buying power within the markets, until we have a real sell off and push away, I have highlighted areas of interest but we just may continue in this corrective range.

nonetheless I will be waiting for price action to confirm.

let me know your thoughts.
Comment: Perhaps, worth mentioning at the moment for me I do not see any clear tradeble price action, as I see we are coming into a significant level (1.1490 level) I want to see how price action reacts to this area, before I look for any trades, if we one does present itself I will certainly share.
Comment: Price action has pushed up very well signalling that we have a high probability of continuing to the upside.

I will continue to monitor price action, 1.1519 area is my area of interest if we get a retrace back to this area I will look to set a long entry.