As we can see on the chart there's high supports we are in to with this price action and its very possible futher way up. For risky traders you can enter the trade now after see some confirmation, for safer traders you can wait until price goes little bit lower to the next support then enter long trade. Manage your risk
We actually can find price in downward channel and also retested a good resistance so it can be good trade to sell as price retests 0.993 See confirmations before entering, watch momentum and move SL in +ve side after getting 5-10pips
See description on chart.
Price already rejected twice 1.2725 Key level and bounced from it. Anticipating breaking of the channel & placed Buy Limit at 1.12727 with SL at 1.2710
Possible reversal if it respects lower supports and starts growing up. Otherwise we probably could see 1.2 in the next months.
There's no any clear signal for opening trades atm on this pair. 1. Price have respected channel support what could be a possibility for going long on this pair. 2. Price already tested important psychological level 114 and bounced from it what means possible change of trend and going short after creating a trading channel (retest of resistance).
Just a few minuts ago USDJPY pair perfectly rejected Daily Pivot point and now we are going down. GL and let the pips be with you.
Possible next movements for pair EUR/USD GL And let the pips be with you