ElemontFX
Long

EURUSD POTENTIAL BREAKOUT

FX:EURUSD   Euro Fx/U.S. Dollar
331 4 2
EURUSD             has just broken up higher, however there is one more downtrend it must break before it can reach the next major resistance level . Use the yellow channel and price action as guidance in the short-term.

If it breaks all levels, it will target the 200 MA.
If there is a breakout above 1.100 today, I also think we should test levels around 1.104.
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ElemontFX x381966011250105
yep, that's what I'm targeting there if it breaks 1.100 (~orange line) then we can expect 1.104 (~blue resistance line) to be tested.
Agreed
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I would be also >>in<< for that trade, if a buy stop level at 1.10042 is checked-up. Otherwise, if that's not the case, I would be betting for 1.082 today. Cheers!
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Now I'd put short ;-) Cheers
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