EURUSD - Broke important Level - What to do now?

Hi Traders!
The market is in an uptrend.

As you can see the Resistance 1.10000 was a psychological important level for many traders.
From there the market often turned back.

But just a few candles ago the market broke out of this level.
Of course there was a big fight between Bulls and Bears, but the Bulls finally won.

At this moment the market is moving in a Parallel Channel and it is at the Top.
The Stochastic is also overbought.
Because of these two confirmations we are waiting for a Pullback and Retest of the 1.10000 Level.

But there are many values wich give also Support to the market. They are:

• The Channel
  
• the 20MA
  
• the 50MA
  
• the strong bullish Price Action and
  
• the trend.
  

We recommend to wait for another Pullback for a better entry.


Thanks and successful Trading :)!

Yorum:

You we're waiting for this, right? ;)