Hey guys,
Looking at EU at the moment, i'm seeing that price has held the support inside the zone (Orange box), with price rejecting 4 times. On the daily time frame, i'm still seeing an uptrend as well. Looking for the crossover of the MA's to give me more confirmation in the trade. Looking for price to come up to the 1.2000 area, which is a daily resistance zone, and the 127.2 extension on our fib. I'm looking at an entry at about the 1.85500. Expecting about 150 pips on this trade so let's see what happens.
Happy trading
Looking at EU at the moment, i'm seeing that price has held the support inside the zone (Orange box), with price rejecting 4 times. On the daily time frame, i'm still seeing an uptrend as well. Looking for the crossover of the MA's to give me more confirmation in the trade. Looking for price to come up to the 1.2000 area, which is a daily resistance zone, and the 127.2 extension on our fib. I'm looking at an entry at about the 1.85500. Expecting about 150 pips on this trade so let's see what happens.
Happy trading