rizwansardar

EURUSD - LONG?

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FX:EURUSD   Euro / U.S. Dollar
EURUSD possible long towards top trendline and close to 1.14 psychological price region.

But this depends on the key price level of 1.13 which has previously been a key support/resistance level.

Scenario 1: on shorter time frames (15m, 1hr) bullish momentum to break through 1.13 resistance level . If this can be seen along with other confluences ( DXY , W's) then a long trade will be taken.

Scenario 2: 1.13 price gets rejected and reattempt to break this level to push to the upside. Again around the 1.13 level will be monitored before taking a long trade.

Scenario 3: 1.13 price gets rejected and falls back down towards the lower trendline and price region of 1.12, around this region confirmations for a reversal will be monitored before taking a long trade.

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