Hello, Traders.
Here you go, the false breakout, I was pointing out.
Although I missed the entries on Friday, EU approved the false breakout, and I did state that Buying is risky, as well the breakout levels and where it can take the market.
Now my levels are pointing upwards, suggesting a buy till 1.1070 - 1100 area, which is not a good idea, to be honest, but I believe we should see some correction ( pullback ) after such move.
I will update this idea as time goes by,
EU is still in range For me main Resistance is 1147, Support 1001.
After false breakout we are back to lower levels, but for now I anticipate EU going up, but who knows, let's see.
Here you go, the false breakout, I was pointing out.
Although I missed the entries on Friday, EU approved the false breakout, and I did state that Buying is risky, as well the breakout levels and where it can take the market.
Now my levels are pointing upwards, suggesting a buy till 1.1070 - 1100 area, which is not a good idea, to be honest, but I believe we should see some correction ( pullback ) after such move.
I will update this idea as time goes by,
EU is still in range For me main Resistance is 1147, Support 1001.
After false breakout we are back to lower levels, but for now I anticipate EU going up, but who knows, let's see.
Note
Long Closed. Have to see what market does next.
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Related publications
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.