EURUSD – Up
Previously on the 4H chart above, EUR retraced at a support zone (1.2216-1.2200) but Yesterday it failed to pull back to the zone and instead rose massively towards a key resistance line 1.2323,I expect price to break above the line then correct to it and continue further up.incase price gets rejected at 1.2323 I would advise you short EUR but not for long up to the support zone (1.2216-1.2200),if this support zone is broken, then I would advise you wait for a pull back to the just broken zone before you enter long position. Right now I will advise you wait for a breakout above 1.2323 and a retracement to it then buy EUR.
Wait for a breakout above 1.2323 and a retracement to it then buy EUR towards 1.2370 and stop loss at 1.2280
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