USDEUR: The dollar is looking perkier today, but has some serious overhead resistance to deal with still. Once it can break above here it should open the way for the next worthwhile long $ trade
Yorum:
This is coming back into the buy zone for next USD long. It could well hold up at 0.8940 and make a slightly higher low. Think $ looks good so consider getting long again around current values (half total position) and use a stop below 0.8914 - if it comes back to 0.8917 buy another half position . And increase again on any move above 0.8958as per comment.