EURUSD: Breakout of 3-Month Falling Channel; Long Opportunity
As discussed in my last EURUSD weekly forecast, the reversal has taken place as the price broke above a 3-month falling channel.
In the midst of the breakout, a new rising channel has formed and the price has started to retrace from the top since the market opened this week.
The price has certainly reached the demand zone but is most likely to give it another retest while it's nearing the bottom of the rising channel.
Look for a buying opportunity as the price retest the demand zone near the bottom of the rising channel.
In the midst of the breakout, a new rising channel has formed and the price has started to retrace from the top since the market opened this week.
The price has certainly reached the demand zone but is most likely to give it another retest while it's nearing the bottom of the rising channel.
Look for a buying opportunity as the price retest the demand zone near the bottom of the rising channel.
Trade geschlossen: Ziel wurde erreicht:
If you have longed and still holding on to this trade, it's time to close the trade.
