No trades on EURUSD for now
EURUSD is maintaining its upward momentum and has reached a key resistance level at 1,1112.
Currently, there are no viable trading opportunities at these price levels.
The ongoing momentum hasn't shown signs of ending, and there are no pullbacks to leverage.
As a result, buying at this point doesn't offer a favorable risk-to-reward ratio.
Similarly, there’s no rejection from support to justify a short position.
Therefore, it's wise to avoid rushing into new trades. If we have existing trades, it's essential to reduce risk!
Currently, there are no viable trading opportunities at these price levels.
The ongoing momentum hasn't shown signs of ending, and there are no pullbacks to leverage.
As a result, buying at this point doesn't offer a favorable risk-to-reward ratio.
Similarly, there’s no rejection from support to justify a short position.
Therefore, it's wise to avoid rushing into new trades. If we have existing trades, it's essential to reduce risk!
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❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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