Tricky trade, beware!
EURUSD is now at a crucial point as shown on the orange circle in chart. It landed on an important support level of 1.10640. If it rebound from here and break above 1.11113, then the bull has won over the bears.
Or else, if it breaks below the 1.10640, it would be heading towards 1.1040. More importantly, the price action would have return back to the bearish trend line. So this is an important time for EURUSD.
Thus, I would be watching closely next week before deciding. It can be a fake breakdown to trick the early short sellers, so beware.
Or else, if it breaks below the 1.10640, it would be heading towards 1.1040. More importantly, the price action would have return back to the bearish trend line. So this is an important time for EURUSD.
Thus, I would be watching closely next week before deciding. It can be a fake breakdown to trick the early short sellers, so beware.
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