EURUSD still climbing- until when?
Yesterday we looked at a possible pullback and an entry with targets at 1,1850.
Well, most of that move is now completed.
What we have to do now is to move our stop if we're in a trade and to watch out for a possible reversal.
We're expecting for price to actually break above the 1,1850 level, but just above it we have a significant resistance.
Once market reaches the 1,1887-1,1905 zone, we want to close all long positions as we expect to see a rejection up there.
Depending on price reaction around the zone, we will decide if we should enter any short trades,
but we're going to look at our entry options in some of our other analysis.
Well, most of that move is now completed.
What we have to do now is to move our stop if we're in a trade and to watch out for a possible reversal.
We're expecting for price to actually break above the 1,1850 level, but just above it we have a significant resistance.
Once market reaches the 1,1887-1,1905 zone, we want to close all long positions as we expect to see a rejection up there.
Depending on price reaction around the zone, we will decide if we should enter any short trades,
but we're going to look at our entry options in some of our other analysis.
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