EURUSD - a possible short-term long

OANDA:EURUSD   Euro / U.S. Dollar
Short term long because price is reaching is a resistance level around 1.1161, there is an opportunity to scalp around 35 pips if you are a scalper.

However, if we see price breaks this point then it's a potential 135 pips to 1.12416, if not it will back to support line around 1.09889.

I'd suggest to keep an eye close to this pair if you decide to take the trade straight away, there are quite a few major USD news coming out during lunch hour in the UK which could affect the trade.

Let me know what you think below


I do believe it will test the support zone before bouncing back upwards
+1 Reply
AnhQNguyen F1_trades
@F1_trades, awesome !
I've had my eye on this over the last few days. I think it will test the resistance level for a little while then carry on the upward trend seen over the last few months
Love it. Followed this too, and now stop to break even looking to see what happens at 50-60 range
@adz2k20, that's great
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