EUR/USD
keeps testing the resistance at 1.2840 but it cannot seem to break above it
despite days of testing it. I think I am getting a little exasperated at this
point. I often say that patience, among other things, is a trader’s virtue, but
when it comes to putting words to practice it is not as easy as I wish it was.
Still, there is nothing left to do but wait and see whether the pair will break
above the resistance and head for 1.2900 at least, or will it form a proper
signal for a reversal. Sooner or later it will do one of these things, it always does.
good resistance on the EURUSD, it is still in a range
ReplyDeleteIn the short-term, EURUSD is at a key potential inflection point: at the bottom of its channel after at least two waves up. A break below 1.2700 could signal the fulfillment of the bearish flag pattern and bring about extension to 1.2500. On the flip-side, expect plenty of short-term buying here as traders buy at the bottom of its flag channel, betting on a return to 1.29.
ReplyDeleteGreat info, keep it going.
ReplyDeleteI'll keep an eye on this.
ReplyDeleteLet's see whether this pair would break the resistance.
ReplyDeletegood point of view
ReplyDelete