Hey! Potential opportunity to trade the EUR/USD. It's at a main support level which is confirmed by fib and the trend line. Potential to go either way depending on how the pair plays out over the next couple of candles. If it breaks support line, expect a down trend to daily low. If stimulus appears indicating a rise in price expect a long up to the 1.110 level.
Careful spread is roughly 300+ pips. Although the high loss to begin with I do not think the Peso is that weak of a currency and expect it to retrace down for a nice return.
Did not take first trade at first resistance level. Looking to enter upon a stimuli at the new resistance level.
At resistance and top of the trend. Predict a drop within the next day or so.