The price action for this pair is the clearest so far in all the major pair, which sometimes is a trap!
But we will trade what we can see on the chart.
Price broke an important area 1.0672 on the 18th November to the upside, the reaction was good by trading back to confirm this area. Now we have seen price action in the lower timeframes trading with momentum. Another plus to this trade is that Dollar is showing weakness across the board.
We are long from 1.0691, a stop is place just below the retracement 1.0660.
We target 1.0788 and 1.0828 in extension.
Good Luck and Trade with care...
Follow us on twitter @charts_247 for more updates
But we will trade what we can see on the chart.
Price broke an important area 1.0672 on the 18th November to the upside, the reaction was good by trading back to confirm this area. Now we have seen price action in the lower timeframes trading with momentum. Another plus to this trade is that Dollar is showing weakness across the board.
We are long from 1.0691, a stop is place just below the retracement 1.0660.
We target 1.0788 and 1.0828 in extension.
Good Luck and Trade with care...
Follow us on twitter @charts_247 for more updates