With longer term resistance gone, the new short term support is the new key level. Any attempts to break support 'should' provide nice buy opportunities. The short term bias is to the upside, but that can change quickly (as we've seen so many times before).
However, long term analysis suggests a slow shift to higher level for the EURUSD. Even if that's true, expect a bumpy ride over the next month or so. As always, KEEP AN EYE ON NEWS. Happy trading!
However, long term analysis suggests a slow shift to higher level for the EURUSD. Even if that's true, expect a bumpy ride over the next month or so. As always, KEEP AN EYE ON NEWS. Happy trading!
