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EURUSD Long between the Trendlines
Euro / U.S. Dollar
Long
EURUSD Long between the Trendlines
By ChrisSmithf0
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Follow
May 21
2
Cheer
Cheer
May 21
The idea here is related to long term overlying resistance trendlines.
We can see that EURUSD has recently broken the shorter term Trendline 1 , tested this and now in consolidation above the Trendline 1.
Price may then look to target the overlying Trendline 2 .
Trade on chart , with a high risk reward of 5.
Trend Analysis
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