Chart of the Day EURUSD

/ Chart of the Day / By Alex

EURUSD reversal after the failed 1.11000 breakout

EURUSD is reversing higher after the 1.11000 failed breakout. This reversal is opening a possibility of a higher wedge 1.12800 level test. Only a daily close below 1.11040 could invalidate an upside reversal that is where the stops for the long trades should be. ARMAT trading system is pointing lower

Note: look for the long trade opportunities with the stop loss below 1.12000 on this reversal higher

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