Here we have very similar situation like the one on GOLD that we looked at yesterday.
Even the levels are pretty much the same.
Right now EURUSD is doing exactly what we said in our analysis from Monday. We're still expecting a rise up to 1,1840-50. That's the level at which we will be looking for possible reversal and selling opportunities.
Should you buy right now? Well, that depends on what type of trades you're looking for. There are potential profits when it comes to long positions, but make sure to watch out for price exhaustion and use less risk.
We will let you know once a reversal is happening in our daily analysis.