EURUSD Where to next?

Updated

Looking at the charts on the weekly TF, price is attempting a retest on the previous support already broken. If it holds as a new found resistance we just might see price push lower on EURUSD. For now, I'd rather wait to see the way price will choose to move. Key area in focus is 1.06964

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Note

Price held at the resistance and now broken my area of reference at 1.06361, we wait to see if the area will be retested and hold before diving in

Note

Price eventually retested the 1.06361 and wick out on it which formed a broken support becoming a new found resistance.

It is wise to break-even on this trade at this point.

Ride the trend!!!

Mbjoey

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