EURUSD DIP

12 сент. 2019 г.

“Buy the dips, sell the rallies” is how the saying goes. Here we have EURUSD currently declining, which is attracting sellers to the market. It is almost a perfect time to enter longs, just waiting for a confirmation with a break of 1.10300 resistance. I will take price up to weekly highs of 1.1160 before seeing if it breaks out to fresh monthly highs. If price fails then the trend will continue downwards where I will be locking in profits along the drop in high probability support areas. This is a counter trend trade of the intermediate downtrend, so it may struggle in its initial break, but there will be more certainty once the trend gets underway.