On daily especially, the EURUSD is being squeezed into a triangle (basically symmetric too). Thus, it is good practice to wait for a breakout for a clearer direction. I have a long bias, as MAs are being crushed flat and under the price, indicating that the general previous trend is changing. Of course, if there is a large and conclusive break downwards, then this trade is invalidated.
Adding small longs at 1.1200 and 1.1250 (now) and will be pyramiding up again at the previous peaks at 1.1400 and 1.1600. Targeting 1.2400, a previous congestion area.
Adding small longs at 1.1200 and 1.1250 (now) and will be pyramiding up again at the previous peaks at 1.1400 and 1.1600. Targeting 1.2400, a previous congestion area.