I would like to buy if it break up and my take profit will be around the red zone.
Nice setup here for a sell. The Rsi is over bought and on the hour chart we can see a loss of momentum
We tested the support for the third time so i want to try this long position here.
Great risk reward ratio with that trade. Long at support and over sold rsi.
I think the eurusd need a little correction down after the big move up of last week. The break out of this little triangle on the down side will maybe mean that the price will hit the target around 1.11668 at the previous support (important support) tested 3 times. This is maybe my last trade this week because i expect a calm friday.
When the price will break de daily resistance it will probably show us that we are in a strong move up. If the price break the support at 1.10761 it will maybe fall at 1.09871 and more..
Its now time to buy and the price action will probably hit the last resistance level at 1.09546