FxWirePro
Long

EUR/USD trades above minor trendline resistance, targets 1.0900

FX:EURUSD   Euro Fx/U.S. Dollar
889 3 11
EUR/USD             has broken minor trend line resistance around 1.0740 (trend line joining 1.1050 and 1.0893) and is trading slightly well above that level. It is currently trading at 1.07630 at the time of writing.

Short term trend is bullish as long as support 1.0700 holds. Any break below 1.0700 will drag the pair down till 1.0660/1.0600.

On the higher side major resistance is around 1.0800 and any break above targets 1.0850/1.0900. Short term trend reversal only above 1.0900 level.

It is good to buy at dips around 1.07580-600 with SL around 1.07000 for the TP of 1.0830/1.0900

G.F.X.
a year ago
"The trend is our friend" - it's not just a saying :)
Reply
FxWirePro G.F.X.
a year ago
Confirm it will go up. The only thing is i gave entry at higher level. It will not break low of 1.0660
+2 Reply
G.F.X. FxWirePro
a year ago
Thanks for the explanation!
Reply
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