EURUSD - 240 - Still supported by the upside line
Trade Alert
Keep your eyes on the short-term upside line. Even though we are seeing good performance from the pair, still, we will hold on from entering any longs. We will take a more conservative approach and wait for a break of the 1.1575 before we start examining higher levels.
If EURUSD travels lower, breaks below the upside support line,in order to see further declines, we will wait until the pair breaks the 1.1525 level to the downside. This way, we could get more comfortable with the fact that the bulls are struggling to keep EURUSD higher.
Please see the chart for details.
Always have your SL in place.
Keep your eyes on the short-term upside line. Even though we are seeing good performance from the pair, still, we will hold on from entering any longs. We will take a more conservative approach and wait for a break of the 1.1575 before we start examining higher levels.
If EURUSD travels lower, breaks below the upside support line,in order to see further declines, we will wait until the pair breaks the 1.1525 level to the downside. This way, we could get more comfortable with the fact that the bulls are struggling to keep EURUSD higher.
Please see the chart for details.
Always have your SL in place.