E71! trade ideas
EUR/USD
Last week EUR/USD finished with a low demand on the CME Futures market.
After the breakout with an increased volume two weeks ago, a correction has appeared.
The price range 1,1430 - 1,1500 is still not tested as a support, as since the end of July the movement is based on a major range and increased volume. This is a bullish signal.
On Friday, the price broke 1,1800 with higher volume, which means the buying will continue at least to 1,1870.
At 1,1870, EUR/USD started to fall with increased volume. Every high volume trade must be tested in further.
Successful break out at 1,1870 with high volume will direct the price to 1,1900 - 1.1920.
Looking for a Supply between 1,1870 - 1,1920
