Trade of the Day EURUSD

EURUSD is testing the triangle support

 

EURUSD has formed a triangle in consolidation from September 2020 last year. It is testing the support 1.1780 which is an important downside resistance and an upside extension support. A break above 1.1850 is required for the bounce to be confirmed and an extension higher to 1.2200 triangle upper resistance. For the upside continuation, we must see a break above this level.

Note: you can take the long trade in case of a break above 1.18500.

 

EURUSD daily price action trading strategy

 

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