asharifan

EURUSD is resting to do a big jump

Long
OANDA:EURUSD   Euro / U.S. Dollar
EURUSD has broken its resistance of 1.2000 after a consolidation of 130days.
it also has broken major resistance of 1.21000 strongly.
to continue , this pair needed a rest, last week eurusd was in a bullish flag and one time tried to break that.
the zone of 1.21 is a key level i think. in this zone we have major SR zone , and as you see in 4H the EMA50 is waiting for price just close to 1.21
I personally will open a long position in this zone just in case i see a 4H signal .target can be 1.25000 but of curse we will face barriers near zone of 1.22.
just note, if price close lower than 1.2100 it can come to start from 1.2000....so wait for signals....

position will be long anyway but just keep an eye on zone of 1.21.
Trade active

Comments

To support your idea, there is also a fibo in place (9 Dec 9:00 low- 11 Dec 1:00 high) which has a retracement level of 1.21 (0.618) and a target of 1.22 (-0.27) good trade if executed.
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asharifan alicanuz
@alicanuz, thanks for your additional evidences. the most key levels are together, the better chance to win.
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