Let's see where will price breakout on EURUSD
The key levels from yesterday, are still valid. We need to see a clear breakout so we can look for an entry opportunity.
A drop below 1,1853 will most likely mean a trend reversal on the hourly chart and a sell signal.
We can also look for a break and retest of that level to give us the right entry moment.
If market goes above 1,1909 that will confirm the uptrend and we would expect a continuation.
Right now is quite risky to choose a direction and to enter any trades.
We'd rather wait for a confirmation.
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A drop below 1,1853 will most likely mean a trend reversal on the hourly chart and a sell signal.
We can also look for a break and retest of that level to give us the right entry moment.
If market goes above 1,1909 that will confirm the uptrend and we would expect a continuation.
Right now is quite risky to choose a direction and to enter any trades.
We'd rather wait for a confirmation.
Support our daily analysis by giving us a like and also leave a comment!
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