Dear traders,
as you can see EURUSD is hitting a key support and it is expected to rise.
Yet we have to notice that the closing price on FRIDAY was a the bottom of the range that means that bears were in full control til the end of the day.
My humble idea is that: on MONDAY we do nothing and stay flat.
If price rebounds on Monday, then we buy the very next day.
If the support is broken, I will personally prefer not to sell EURUSD ans see id it rebounds in the nosy area between 1.07-1.08.
Cheers
R
as you can see EURUSD is hitting a key support and it is expected to rise.
Yet we have to notice that the closing price on FRIDAY was a the bottom of the range that means that bears were in full control til the end of the day.
My humble idea is that: on MONDAY we do nothing and stay flat.
If price rebounds on Monday, then we buy the very next day.
If the support is broken, I will personally prefer not to sell EURUSD ans see id it rebounds in the nosy area between 1.07-1.08.
Cheers
R