EURUSD Analysis for week of June 10 2018
After weeks of falling, EURUSD has finally found strength for a bullish move at a weekly resistance level of 1.15300. Price has broken a strong resistance level and has now made a higher high and two higher lows. Price has rejected minor support zone and is respecting this 4H bullish trend line. With the EMA cross, EURUSD is looking for a further move up and should retest that previous high of 1.183 and potentially break that price zone to make another upward leg move to 1.2000.
Note
some positions closed at 1.800 area, holding rest at break evenNote
stopped out at just above breakeven, still based towards a long.
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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.