I believe that this pair will bounce back into the channel. Friday saw the bears respect our golden fib zone, respect previous support and stay above 200MA. RSI shows that we are entering an oversold period as well. So what we have here ladies and gentlemen is a strong case to go long.
EUR has been trending bullish for a minute now so I believe this will continue.
If my predictions are correct, when price is near my TP I will look at changing my SL to break even, take half profits and look to target a new trend high.
Remember this is just my opinion, take it with a grain of salt and use proper risk management.
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HAPPY TRADING
-MATT
EUR has been trending bullish for a minute now so I believe this will continue.
If my predictions are correct, when price is near my TP I will look at changing my SL to break even, take half profits and look to target a new trend high.
Remember this is just my opinion, take it with a grain of salt and use proper risk management.
Comment suggestions
HAPPY TRADING
-MATT
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