Last week the EurUsd clossed above the resistance and upper range! Stoch Rsi clearly shows a bullish cross over and Adx shows a bullish trend with trend strenght soon aproaching the very strong level.
The upcoming week theres a high chance we will see an attack and possible break of 1.10. If you look at my published ideas you also see that earlier I published a dollar index analysis which shows that the Dollar Index might break downwards from its range.
Some people will say the eurusd will close the gap. I say that if it was going to do that we already had seen it last week. The drop back below 1.09 on friday was very likely to be a correction from the gap and upwards trend since in the end of the day EurUsd went back towards 1.09 and close just 7 pips below it.
How to trade:
Buy the possible dips, use a 60 or 80 pip stop-loss. Monday is a banking holiday so that real action might start on tuesday
The upcoming week theres a high chance we will see an attack and possible break of 1.10. If you look at my published ideas you also see that earlier I published a dollar index analysis which shows that the Dollar Index might break downwards from its range.
Some people will say the eurusd will close the gap. I say that if it was going to do that we already had seen it last week. The drop back below 1.09 on friday was very likely to be a correction from the gap and upwards trend since in the end of the day EurUsd went back towards 1.09 and close just 7 pips below it.
How to trade:
Buy the possible dips, use a 60 or 80 pip stop-loss. Monday is a banking holiday so that real action might start on tuesday