AS we can see EURUSD broke daily channel and started an Uptrend. Im long this pair from support 1.11250 and I expect this support to hold. If it breaks it I will reenter and .618 Fibonacci level with Stop Loss below daily trendline. Also we have Fibonacci level 0.382 right at resistance if we manege to break it I will be looking to take first profits at next resistance 1.13000.
Good luck traders
Good luck traders
Trade active
Trade active:
Trade is still active. We broke 1.11250 Support which is now resistance we must break in order to move more up. Its NFP week so there is a lot of manipulation in the market. However im still bullish this pair and I dont see it going lower than 1.10700. I will looking to add another long at .618 Fibonacci level.
Comment:
Price approaching to our .618 Fibonacci level. If we dont bounce up from this level I will move my SL a bit lower to give price a space to move. Still bullish for me!
Trade active:
Still holding!
Trade closed: stop reached