Will EURUSD Break Above 1.1900 level?
Updated
It is not time to place buy or sell orders right now this could be the end of the bullish run. This pair and its twin sister, USDCHF are on my watch list.
A break above 1.1900 could be a start of another leg up but if price reverses I will quickly place sell order on the pair and buy its twin sister. I will be watching this closesly.
A break above 1.1900 could be a start of another leg up but if price reverses I will quickly place sell order on the pair and buy its twin sister. I will be watching this closesly.
Note
Again the USD is showing weaker. We are yet to see what will happen at the 1.1897 resistance level. Aggressive buy: Buy after the first close above the red line. Conservative buy: Wait for a retest. In my experience, waiting for a retest produces safe and high probability trades.Note
Well like I expected, price broke above the 1.1900 level but bears took over again and pushed price below the red horizontal line. Like I said before, time to go short. This is my last update here. If you have been reading check out the new short trade.
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.