- Last week, EURUSD started to go north after forming a double bottom
- After the 1st breakout, it retest the 1st resistance becomes support (RBS) zone and it continues to climb up higher and made a 2nd breakout in the H4 timeframe
- It then drops to retest its 2nd RBS zone around 1.0900 where we could see buyers start to come in.
- If the USD continues to weaken, we might see a nice climb up towards the north this week.
- After the 1st breakout, it retest the 1st resistance becomes support (RBS) zone and it continues to climb up higher and made a 2nd breakout in the H4 timeframe
- It then drops to retest its 2nd RBS zone around 1.0900 where we could see buyers start to come in.
- If the USD continues to weaken, we might see a nice climb up towards the north this week.
Trade active:
I'm long from 1.0920
Trade closed: stop reached:
-Target not reached, price reversed and hit stop loss.
- Buy strategy might changed to sell now.
- Buy strategy might changed to sell now.