EURUSD patience is key right now!! Breakout coming!!

10 Oca 2020

Here we have a complicated situation, price broke above the major down-trend but got back inside! Now is sitting in a zone where i'll have to wait and see who's gonna win! Buyers or sellers? For buyers to win, we have imediatelly to stay above 1.1110 at least, and next week try to break the trend and re-take that 1.1180 zone! hard... On the other side sellers would like to see price closing below 1.1100 and next week hope for a break down the up-trend iniciated on sept'19! Not forgeting that inthat same zone we have what i think its an important level to consider, 1.1070 who have been used before as both support and resistance! For now, i'm staying out of this pair!

What you think??

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16 Oca 2020

Not

Price broke again the major down trend! Waiting now to see how it will react to this 1.1170 zone