EURUSD power-run repeat

5 thg 5, 2022

EURUSD has been hovering around my Daily support zone and may not make the break to new historical lows for now. I see another power-run coming potentially higher than the previous, it's in a take-off zone. If it hit my SL, I'll most likely re-enter and set SL @ 1.04668 it's just under the lowest point it's been able to make since this big dip. I don't expect this to be a recovery run, too much still up in the air, so remember that trailing SL and expect another pull-back. Easy ping pong play, if you use your S&R zones as potential entry points.