We have EURUSD in Monthly, Weekly and Daily ABOVE the 20 MA, and price is now coiling in front of this major dynamic trendline that acts as barrier.
a) if a breakout higher happens, I will wait for a retest, which is highly probably at such major multi-month trendlines - and then if it shows up GO LONG.
b) rejection of trendline : wait for a break below 1.3650 - 1.3500.
a) if a breakout higher happens, I will wait for a retest, which is highly probably at such major multi-month trendlines - and then if it shows up GO LONG.
b) rejection of trendline : wait for a break below 1.3650 - 1.3500.