YourLazyTrader

Two possibilities for EURUSD now

FX:EURUSD   Euro / US-Dollar
As expect EURUSD has slowly moved towards the resistance level. At this point, there are two possibilities:

1) Price can break the resistance - EURUSD can break the 1.1910 resistance level and continue the uptrend.

2) Price can reverse from the resistance - EURUSD can also reverse from this resistance level and drop towards 1.1700 support level.

To trade this you need to watch the price action in the resistance level that I have highlighted in the chart.
If you can see the formation of Bearish candlesticks in the resistance level near 1.1910, selling would be a good idea with 1.1750 as TP.

O
n the other hand, if you see that price has broken through the resistance level with a big green candle, do not sell this.
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