Hello traders,
The EURUSD has been rising and made 2.75% in the last 30 days.
The 2.75% is too much to find support to continue, so the EURUSD needs to start a correction between 1-2% down, then it can rise again.
We can notice there is majpr trend line that the #fibre has left and took too much momentum to the upside, so it needs to come back to test the major trend line.
It would be a good idea to short the #EURUSD from here to 1.0700 and Buy it back from 1.0700 to 1.0950.
Hope it works well for all of you and our best wishes.
Thanks
The EURUSD has been rising and made 2.75% in the last 30 days.
The 2.75% is too much to find support to continue, so the EURUSD needs to start a correction between 1-2% down, then it can rise again.
We can notice there is majpr trend line that the #fibre has left and took too much momentum to the upside, so it needs to come back to test the major trend line.
It would be a good idea to short the #EURUSD from here to 1.0700 and Buy it back from 1.0700 to 1.0950.
Hope it works well for all of you and our best wishes.
Thanks