EURUSD is breaking above the upside resistance
EURUSD has broken above the upside resistance of 1.2170 and is in the upside continuation. A break above this level is giving us a higher probability of long trade entries. A break below 1.2170 is now required for the downside reversal. The overall medium-term is an uptrend and a new bounce of the 1.2170 resistance turned upside support could lead to a continuation upside. Use the consolidation to build a long position and target 1.2600.
Note – We are inclined to long trade entries with the stop loss below 1.2150.
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