EUR/USD: Patience Is Key
CHART ANALYSIS: We are moments away from potentially closing above a key resistance at 1.26 on the 1 HOUR chart. Both a close above that AND a close above the 200 EMA would solidify a short term BULLISH stance.
Also, there is a trend line that may be broken near 1.13. This also happens to sit VERY close to the 50 EMA. A close above these will further solidify a shift in the trend to being short term bullish.
TP will be set at 1.36. Long term bias still remains bearish due to the stronger resistance being at 1.14.
- No risk, no reward.
Also, there is a trend line that may be broken near 1.13. This also happens to sit VERY close to the 50 EMA. A close above these will further solidify a shift in the trend to being short term bullish.
TP will be set at 1.36. Long term bias still remains bearish due to the stronger resistance being at 1.14.
- No risk, no reward.
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