Looks like EURUSD on Friday has started new trend. It is still rising some questions, but smaller bearish trend line has been broken, price bounced from the consolidation's support line. Those two signs gives me a reason to enter the market on the bulls side. One thing is missing - I would like price to close above 1.1200 as this level represents a resistance on the 4 hour chart. Next move should be towards 1.1545 and ultimate target is 1.1780. This idea is invalid if price will close below 1.1130 on a daily chart. In such case market can make a deeper pull back towards 1.0800 area.
Commentaire:
Nice price action, not yet out of the woods, but around 1.1250 I will be looking to add. Stops 1.1180