Good time to open some Longs
Updated
This weekly chart shows the price hitting a very powerful support area on the vortex of two channels. We have an extremely oversold instrument and I thing is time to start climbing again. Failing to do so could send prices to 1.1610 to 1.1600, for a possible triple "bottom".
Im inclined and feeling more confident opening longs at this current level.
Im inclined and feeling more confident opening longs at this current level.
Trade closed manually
NFP data on Good Friday may have reversed the EURUSD pair. Short seems more appropriate in spite of the massive drop since 1.22 area.
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