Seems like everyone has been watching this range on the EURUSD. We did close slightly below the support but the break was not strong enough to warrant an entry in my opinion.
We are now re-testing the break. I will personally await for a close below 1.1170 or below the recent lows depicted with the black line. Remember a re-test really is confirmed when it makes a new low after re-testing support-turned-resistance zone. Would look to take profits at the 1.1120 zone.
We are now re-testing the break. I will personally await for a close below 1.1170 or below the recent lows depicted with the black line. Remember a re-test really is confirmed when it makes a new low after re-testing support-turned-resistance zone. Would look to take profits at the 1.1120 zone.