Moving Average Breakout

FX:EURUSD   Euro / US-Dollar
172 4 8
Price broke Moving Average with period 100 and formed a local high. We can open long trades above the swing high with DMI confirmation. Entry level is 1.1120 and a stop order should be placed below MA100. As for profit target they can be: daily MA100, levels of round digits 1.1300, 1.1350 and 1.1400 for long term.
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Do you think it is go dow after?
DLavrov troyanoj
I don't know. The possible reversal can be near MA100 1.1220 on daily chart. We'll have to see price action and only after that think about possible direction of movement.
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