rbtradesdaily

Euro trendlines may help

FX:EURUSD   Euro / U.S. Dollar
Euro continues in an upswing. Initial resistance at 1.1530, but strong resistance ahead of that. Above 1.1530 opens path to higher level. Price is above midline of BB, but could quite easily be re-visited. Wall of worry and least resistance.
Trade active: Potential for lower levels to come into play as indicated on chart, but hourlies look to make room for improvement. No bias.
Trade active: Some reisitance after recent move up expected. 1.1587, 1.1600
Trade closed: target reached: good point to close shorts for the day 1.1535
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