MerlionFX | EURUSD breakout!
EURUSD has broken out of it's downtrend. in the higher timeframes, EURUSD is trading in an uptrend. I will be expecting the prices to retest the broken structure next week before making a move higher, this insight is further supported by the RSI which is overbought. Targets marked in the chart, let's see how this plays out...
Trade closed: stop reached
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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.