riffster21

EURUSD - A buy after the breakout

Long
FX:EURUSD   Euro / U.S. Dollar
Hi guys, the EURUSD has been grinding higher over a past few days. Most technical and fundamental analysis suggested a continued bullish move. However, I won't buy (again) until we see a break above short term down trending resistance. I went long after the second bounce off of support. I will add to my position if we break above resistance.

The market barometer supports a weak USD:


This is not investment advice, just my opinion(s). Please trade accordingly.

Trade safe and keep an eye on news.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.