Euro / U.S. DollarUpdated EURUSD Trade Idea
EU is currently in a strong uptrend, having an upwards breakout of 1.2270 resistance. In yesterday's forecast, as the Asia session was showing buyers' strength and breakout opportunity, I expected the market to pullback below 1.2270 (probe) at 1.2250 level for further continuation due to the weak breakout, which was exactly what the market performed. Will be focusing on long-term buying opportunities after some exhaustion pattern with 1.24 as primary target, ideally pullback towards 1.2270 for a re-test setup. Avoid holding overnight position today due to the public holiday and possible weekend gap.
Trade safe.
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Trade safe.
Do follow my profile for daily fx forecast.
Note
Previous analysis
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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.