Strong Resistance at 1.1650/60 is Key to Direction
Recap:
EURUSD we warned of short term bullish candles but there was no way I could recommend longs on such a weak signal. We rocketed to our selling opportunity at 1.1650/60 & topped just 16 pips above.
Forecast
EURUSD strong resistance at 1.1650/60 is obviously key to direction, stops above 1.1690. A break higher meets strong resistance at 1.1735/45. Try shorts with stops above 1.1780. Failure to hold above 1.1650 targets 1.1625 & 1.1590/80. On further losses we meet the low at 1.1510/06 plus key support at 1.1500/1.1490.
EURUSD we warned of short term bullish candles but there was no way I could recommend longs on such a weak signal. We rocketed to our selling opportunity at 1.1650/60 & topped just 16 pips above.
Forecast
EURUSD strong resistance at 1.1650/60 is obviously key to direction, stops above 1.1690. A break higher meets strong resistance at 1.1735/45. Try shorts with stops above 1.1780. Failure to hold above 1.1650 targets 1.1625 & 1.1590/80. On further losses we meet the low at 1.1510/06 plus key support at 1.1500/1.1490.
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