Eur/Usd, Opportunity to go long to retest the monthly high
Updated
Hello Traders,
This is my current take on the eur/usd.
I had expected the retracement to go below 1.10138 before looking for buys, but the market seems to have turned already. However, was able to squeeze in two positions at 1.2698 and 1.2704 at the release of FOMC yesterday. Quite risky.
Price is presently at a supply level, so watching the reaction here to know if to close the trade or hold on.
If we manage to violate 1.11470, then I'll be looking to buy and pullback to add to my positions.
Target is the monthly high @ 1.12757.
Let me know your thoughts/ideas.
This is my current take on the eur/usd.
I had expected the retracement to go below 1.10138 before looking for buys, but the market seems to have turned already. However, was able to squeeze in two positions at 1.2698 and 1.2704 at the release of FOMC yesterday. Quite risky.
Price is presently at a supply level, so watching the reaction here to know if to close the trade or hold on.
If we manage to violate 1.11470, then I'll be looking to buy and pullback to add to my positions.
Target is the monthly high @ 1.12757.
Let me know your thoughts/ideas.
Note
Trade closed at b/e
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