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EURUSD has continued to rally since mid-March and so far, the rally shows no signs of slowing down.
Looking at the bigger timeframe, things seem a little interesting. EURUSD has touched the long-term downtrend line on the 2W chart.
Although I don't advise selling this without any bearish price action, Selling EURUSD here definitely looks attractive.
1.1650 to 1.1750 level looks attractive for putting some sell trades considering Dollar is also approaching support against a basket of other currencies.
This is a set-up I will be looking at this week.
Looking at the bigger timeframe, things seem a little interesting. EURUSD has touched the long-term downtrend line on the 2W chart.
Although I don't advise selling this without any bearish price action, Selling EURUSD here definitely looks attractive.
1.1650 to 1.1750 level looks attractive for putting some sell trades considering Dollar is also approaching support against a basket of other currencies.
This is a set-up I will be looking at this week.
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