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Mbjoey

EURUSD Where to next?

Euro / U.S. Dollar (OANDA:EURUSD)  
Mbjoey Updated   
OANDA:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators eurusdoutlook eurusdtrend eurusdpriceaction eurusdtechnicalanalysis eurusdtrading eurusdweekly
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trendanalysis chartpattern indicator eurusdoutlook eurusdtrend eurusdpriceaction eurusdtechnicalanalysis eurusdtrading eurusdweekly
Looking at the charts on the weekly TF, price is attempting a retest on the previous support already broken. If it holds as a new found resistance we just might see price push lower on $EURUSD. For now, I'd rather wait to see the way price will choose to move. Key area in focus is 1.06964

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Disclaimer:

All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
Comment:
Price held at the resistance and now broken my area of reference at 1.06361, we wait to see if the area will be retested and hold before diving in
Comment:
Price eventually retested the 1.06361 and wick out on it which formed a broken support becoming a new found resistance.

It is wise to break-even on this trade at this point.

Ride the trend!!!

EURUSD
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