In this EUR/USD
analysis I am using the 15-min time frame. On the monthly and weekly chart for EUR/USD
the pair can be seen in a current uptrend. Price may continue to go up from its current point but If I were to enter I would place my entry at retrace a little but the pair looks strong. As a day trading perspective this analysis I would enter this pair at the bottom support zone
between 1.2342 and 1.2352. This is a preferable resistance level
that fits my strategy; Depending on where I placed the trade I would exit the trade at my take profit zone between 1.2362 and 1.2370. I would only place this trade if the price hit my preferable support zone
. If not, I would not enter and appreciate the market for its graceful twists and turns. Happy trading!