Accumulating EURUSD
From the weekly chart, we can see the multiple resistance that EURUSD has met at 1.100. Now, it has broke out of that level and heading towards 1.13.
It is hard to tell if this is a dead cat bounce and ripe for another shorting opportunity as witnessed in the chart. Thus, if you want to go LONG or accumulate, make sure you have a proper stop loss in place.
It is hard to tell if this is a dead cat bounce and ripe for another shorting opportunity as witnessed in the chart. Thus, if you want to go LONG or accumulate, make sure you have a proper stop loss in place.
Note
resistance at 1.12 
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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.