RiccardoAnnoni
Long

EURUSD should rise but please dont buy it on MONDAY!

FX:EURUSD   Euro Fx/U.S. Dollar
53 3 0
Dear traders,
as you can see EURUSD             is hitting a key support and it is expected to rise.
Yet we have to notice that the closing price on FRIDAY was a the bottom of the range that means that bears were in full control til the end of the day.

My humble idea is that: on MONDAY we do nothing and stay flat.
If price rebounds on Monday, then we buy the very next day.
If the support is broken, I will personally prefer not to sell EURUSD             ans see id it rebounds in the nosy area between 1.07-1.08.

Cheers
R
moorekapital
2 years ago
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moorekapital moorekapital
2 years ago
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moorekapital moorekapital
2 years ago
Previous Trading Ranges/Consolidations mostly play magnets
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