Trade of the Day EURUSD

EURUSD is breaking below resistance

 

EURUSD is breaking below the 1.17000 level. This break could lead us to a deeper pullback and a test of 1.15000 if it will be confirmed. Bounce and a break above the 1.17000 again are required for the upside reversal and a continuation. The break below this resistance is not changing the recent medium-term uptrend in the pair.

Note: you can take the short trade entries upon confirmation of a break below 1.17000. If bounce happens and a break above 1.17000 again look for the long trade entries.

 

 

EURUSD price action trading strategy

 

 

 

 

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