EUR/USD breaks out! Real or another false breakout?
Hello traders, EUR/USD has finally broken out of the resistance level
around 1.1020. In fact, as of now, price has breached the 1.1101 level as well.
However, keep in mind that this is a low-volume trading session due to the
Holidays. So, it could be a false breakout as well.
A week later when normal trading volumes come back, we might see EUR/USD
falling back below 1.10 again. I am watching out for potential sell entries
in EUR/USD. Technically, the next major resistance lies around the 1.1267 level
around 1.1020. In fact, as of now, price has breached the 1.1101 level as well.
However, keep in mind that this is a low-volume trading session due to the
Holidays. So, it could be a false breakout as well.
A week later when normal trading volumes come back, we might see EUR/USD
falling back below 1.10 again. I am watching out for potential sell entries
in EUR/USD. Technically, the next major resistance lies around the 1.1267 level
Trade active:
Sold@1.1120 , this is just based on intuition, as I have said before, low-volume sessions can lead to crazy spikes or dips. So, next week, we might see the real move
Comment:
Managed to take 40 pips profit
Comment:
Trade is currently in 150 Pips profit