Sure, if this is not a fake breakout. What it looks like.
EURUSD Targets 1.1800 Following Breakout
EURUSD has played out well for us so far this week. Back on December 24th, I wrote about the potential for a rally in 2019. However, the idea required a daily close above wedge resistance near 1.1450. It wasn’t until January 7th that euro bulls cleared wedge resistance. Then came the retest of the level as new support on the 8th. I was already long the EURUSD at 1.1360 from January 4th. But the retest on the 8th allowed me to add to my position at 1.1425. I announced both entries in the member’s area. You may have noticed that yesterday’s session cleared 1.1530. This is a level I’ve had my eye on for several months. ... (full story)
- Posted: Jan 10, 2019 12:03pm
- Submitted by:Category: Technical AnalysisComments: 24 / Views: 2,916