Trade Background:
The EURUSD pair has been trading in this trend since mid of 2018. Despite price breaking the trend at the beginning of March as volatility grips all markets, the trend remains intact. This is evident with the price reacting very quickly to resistance level of the trend indicated in the highlighted area as market calm. Now that price is approaching support, look for a long position.
The EURUSD pair has been trading in this trend since mid of 2018. Despite price breaking the trend at the beginning of March as volatility grips all markets, the trend remains intact. This is evident with the price reacting very quickly to resistance level of the trend indicated in the highlighted area as market calm. Now that price is approaching support, look for a long position.