EURUSD Trade Idea

١٦ ديسمبر ٢٠٢٠

As per yesterday's forecast, EU had previously broken the flag formation (correction) followed by a re-test of the trendline. If buyers are still interested, we could expect some long-term rally. However, price is currently having a build up phase, bouncing between 1.2139 - 1.2174. If price fails the build up, we could expect short-term decline back to the launch zone (1.2070) or possibly a full reversal. Today's trading session will be mainly focusing on the long opportunities for an upwards breakout towards 1.24 - 1.25 technical resistance zone.

Trade safe.