EURUSD moving to next support zone

Forex Trading Technical Analysis: EURUSD moving to next support zone

Watch EURUSD price action carefully. A break below current support zone 1.3630-50, could send EURUSD lower to the next support zone around 1.3500.

2 ways to trade this.

A) Aggressive approach (Short on breakout below 1.3630-50)

Pros: higher chance of being fillled

Cons: may be a false breakout, and EURUSD trades back above 1.3650

B) Conservative approach (After breakout, wait for pullback rally to 1.3630-50)

Pros: for those who prefer more confirmation price action before proceeding

Pros: reduces chance of false breakout

Cons: if EURUSD breaks below 1.3630-50 without any rally retracement, trade may not be filled