EURUSD has broken through a strong resistance level, now turned key level. As EURUSD approaches a resistive trendline, traders can watch the pair as a retracement can be expected. Bulls can look to go long (or add to their long positions) if the retracement gives a valid entry to go long. A retracement to the key level and/or supportive trendline would present the ideal situation to go long.
Remember: do not trade based on predictions, but rather wait for the market to move and give you a valid entry.
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Best of luck traders!
Remember: do not trade based on predictions, but rather wait for the market to move and give you a valid entry.
Be sure to follow me for more ideas and analyses. Leave a like and a comment with your thoughts below, all input is appreciated.
Best of luck traders!