Will EURUSD Break Above 1.1900 level?

2020年8月17日It is not time to place buy or sell orders right now this could be the end of the bullish run. This pair and its twin sister, USDCHF are on my watch list.

A break above 1.1900 could be a start of another leg up but if price reverses I will quickly place sell order on the pair and buy its twin sister. I will be watching this closesly.

2020年8月18日

评论

Again the USD is showing weaker. We are yet to see what will happen at the 1.1897 resistance level. Aggressive buy: Buy after the first close above the red line. Conservative buy: Wait for a retest. In my experience, waiting for a retest produces safe and high probability trades.

2020年8月20日

评论

Well like I expected, price broke above the 1.1900 level but bears took over again and pushed price below the red horizontal line. Like I said before, time to go short. This is my last update here. If you have been reading check out the new short trade.