Hi traders
what an interesting set up on EURUSD this week, really alot of action happening in this pair , last week it breaks the long time resistance at 1.34 area, the Resistance at 1.39 can be the new support..if it happens bulls will takeover the market, or the price sent back at 1.39 , may it go down..but it favours the bull this week, may the price march towards 1.48 area ..
and another point to be mentioned., EURUSD may go long term bullish, since it breakout of long term channel..SWING traders ready to trade this pair..
Note - Price action analysis for education purpose only.. not the final result of price movement.
what an interesting set up on EURUSD this week, really alot of action happening in this pair , last week it breaks the long time resistance at 1.34 area, the Resistance at 1.39 can be the new support..if it happens bulls will takeover the market, or the price sent back at 1.39 , may it go down..but it favours the bull this week, may the price march towards 1.48 area ..
and another point to be mentioned., EURUSD may go long term bullish, since it breakout of long term channel..SWING traders ready to trade this pair..
Note - Price action analysis for education purpose only.. not the final result of price movement.