Hello traders,
EURUSD has been in an uptrend since mid May. As from the chart, it is making higher lowers forming a uptrend line. However, in the recent days, it stops making higher lows and started forming equal high at the key resistance 1.1280. It broke the uptrend line and might be a hint that price is going to reverse soon. It is possible to short the pullback at 1.11980 and aim for 1.1090 (TP1) and 1.0981 (TP2). Stop loss will be obviously above the key resistance at 1.1308
Thanks and Trade safe :)
EURUSD has been in an uptrend since mid May. As from the chart, it is making higher lowers forming a uptrend line. However, in the recent days, it stops making higher lows and started forming equal high at the key resistance 1.1280. It broke the uptrend line and might be a hint that price is going to reverse soon. It is possible to short the pullback at 1.11980 and aim for 1.1090 (TP1) and 1.0981 (TP2). Stop loss will be obviously above the key resistance at 1.1308
Thanks and Trade safe :)