StirlingBishop

EUR/USD - upwards momentum likely

Long
StirlingBishop Updated   
FX_IDC:EURUSD   Euro / U.S. Dollar
The dollar is currently quite weak compared to the euro. The EUR/USD price broke above the resistance and is now using that line as a support. There was a strong bullish pin-bar rejecting that support line - therefore I am looking to enter a long position first thing tomorrow morning.

TP - 1.165
SL - 1.156

This is not investment advice - Losses can exceed initial deposits in trading. Good luck!
Trade active
Comment:
There are various bearish signs showing up for this pairing at the moment - be careful with your trading and use tight stop losses.
Trade closed: stop reached:
Unfortunately this was not a winning trade- lets focus on making the next one successful.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.