Euro long

Price broke about descending trend line and has now moved back down for a retest. This could be a nice technical play to the upside the white box area coincides with the 38.2% fib levels.
This is pure technical trade, fundamentals not taking into consideration here guys. A break above this level could open up a test of 1.10 levels.

Thanks

Commentaire:

Some things to consider, the sentiment among traders is the euro going to much lower levels so its my belief that the euro will remain at higher levels for some time.

Also just as a general warning, there will a speech that could take this technical play out of action tonight.
Thanks