mrTylerDurden

EURUSD: will the 1.25700 mark be breached?

FX:EURUSD   Euro / U.S. Dollar
34 0 0
EURUSD             is in a strong uptrend, which almost completely offsets the previous downward movement. As the price was reversing moving averages were also making a reversal, so I managed to make several good deals on the price spread. Now the growth continues and moving averages are heading upwards, nevertheless prices are already too high and it’s risky to keep buying, so I advise you to wait for the breakout from the previous resistance level to the upside and then continue buying in sync with the trend.

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