It looks like EURUSD is going to retest 1.3300/40 area before peaking above 1.34. The market seems pretty calm today, with no important news, so we should wait for the Monday opening for new signals.
Comments
lgiulian
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Nice movement for EURUSD. And good tip for intraday traders for short today. Now we can watch for a PA on H4 to buy. I personaly consider even 1.3270 a good place to buy if strong PA occurs. Good trading!
Razvan
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Thanks Iulian. A drop under 1.33 could become a selling signal...so be very attentive to the PA.
lgiulian
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Razvan, you are right. I will search for buy conditions only if the price will reject 1.33.
Razvan
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Not necessarily, but you have to pay more attention under 1.33 before buying :)
Ryan_Tyler
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1.3292 is the area I am looking at the moment to re enter EU longs
Razvan
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Right at the trend line... it is a pretty sensitive level, a break and close under 1.33 could trigger a bigger fall in my opinion.
Ryan_Tyler
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Anything possible mate. Better to monitor PA
Razvan
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Ur totally right :) trade what you see and not what you think you see!
Good trading!