Jan 3 2017: EURUSD Long - Bounce off support
EURUSDJan 3 2017: Push towards major support level. Price has not been here for decades, except for last few weeks. Expect some consolidation and then a push back towards 1.0440.
Three things that could happen:
1) Price pushes close to 1.0370, creating excellent risk/reward. Wait for indecision candle, or set buystop a few pips above.
2) Price breaches support and goes into uncharted territory, likley to continue to fall.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.