EURUSD just hit a major trend line. On the weekly, it could been seen as a falling wedge. Price is expected to rise from the 1.1000 area and possibly breakout on the top side.
However, traders should be careful trading around this major zone as there could be manipulations by market makers such as stop hunts.
Have a wonderful trading week
#Cheers
However, traders should be careful trading around this major zone as there could be manipulations by market makers such as stop hunts.
Have a wonderful trading week
#Cheers
Bình luận:
ANTICIPATED BULLISH MOVE ON EURUSD HAS BEEN PARTIALLY COMPLETED.
More bullishness is expected of this pair in subsequent weeks. However, traders should be careful trading around major support and resistance zones as there could be manipulations by market makers.
Do follow me on Instagram @kemmatrades for status updates of analysis on forex Majors.
Have a wonderful trading week.
#Cheers.