EURUSD potential breakout - Possible big long trade
Updated
EURUSD have been trading within a range, though overall momentum on bigger picture like weekly is still quite strong, if price action breaks out 1.1894 area and holds above, it is very much likely that market carries on going higher.
Main reason I am considering for long is there have already been multiple tests of 1.1917 area & an untested level of 1.2010 is just ahead, higher timeframes indicating good momentum so this level is likely to be tested over the coming days (a good level to exit the longs as well).
Trade Safe,
Good Luck!
Main reason I am considering for long is there have already been multiple tests of 1.1917 area & an untested level of 1.2010 is just ahead, higher timeframes indicating good momentum so this level is likely to be tested over the coming days (a good level to exit the longs as well).
Trade Safe,
Good Luck!
Note
Market still trading below 1.1894, lets see if it breaks next week. Have a great weekend.Trade closed manually
Closed at 1.1885Note
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