EUR/USD - REACHED PROVEN STRONG RESISTANCE | AWAITING BREAKOUT

14 ธ.ค. 2020

• EURUSD, over the last 2 weeks, has consolidated in this area with no real indication of BUY or SELL momentum.
  
• This suggests we may consolidate even further over the next few weeks.
  
• Since we have yet again reached this level, this could be a low risk area to short, with acknowledgement of a breach and upside breakout.
  
• As a result, a short position will be opened with a relatively tight stop.
  
• If price sustains above the resistance level, a buy order will be placed precisely at the resistance level due to expectation of a retest before further upside movement.
  

14 ธ.ค. 2020

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