ArekJP
Long

BUY EURUSD – possibly good place to enter or add LONG

FX:EURUSD   Euro Fx/U.S. Dollar

EURUSD             has retraced to previous resistance level which now has become support area. 200 EMA may act as additional support factor, RSI being oversold & recent change of trend (clear uptrend) & recent new high – all put together giving us a strong case for LONG position with attractive RR.
New resistance around 1.1036 has been rested 3 times already, but last time price pierced through precious highs and closed above previous highs which leads me to believe that this resistance level won’t hold for much longer.

Good trading and good luck!
Arek JP            
ITM.Trading
2 years ago
Draw some fibs lines and see if they line up IMHO
Reply
ArekJP ITM.Trading
2 years ago
Yes its useful to see if there is any confluence between fib levels and support & resistance areas. I do use it but not always. Thanks!
Reply
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