EURUSD – Up
Yesterday EUR/USD went up as expected and still could not penetrate above the resistance 1.1411, this pair was rejected then rallied on a bearish momentum for 8 hours and as long as it remains below 1.1411, I still expect more of this momentum towards the support 1.1305 followed by a clear breach below it for further downwards movement of price. I sold this pair at 1.1411 and I’m holding on to this positions with my take profit at 1.1305 and stop loss around 1.1468.Should there be a clear break above 1.1411,wait for a retracement to it to confirm bullish movement of EUR before you buy this pair on the second retracement.
Remain short towards 1.1305.
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