If you read and agreed with my last EURUSD post, a break above downtrending resistance (i.e. the top of the flag) should get us to 1.0870 & maybe much higher. We've been conditioned to look for bearish patterns in the EURUSD, but a correction is inevitable.
If you decide to buy the break out, remember that the key level (resistance) is a downtrending line, so place your stops accordingly. Most EURUSD moves to the upside are and/or have been choppy. You might consider scalping the pumps as this pair tries to move higher.
As always, please trade safe and WATCH NEWS.
If you decide to buy the break out, remember that the key level (resistance) is a downtrending line, so place your stops accordingly. Most EURUSD moves to the upside are and/or have been choppy. You might consider scalping the pumps as this pair tries to move higher.
As always, please trade safe and WATCH NEWS.
