EURUSD: Trade Opportunities at Uptrend Line

The price reached a resistance zone and we should be ready to see interesting trade opportunities in both directions.

You can see how the price acted at the local uptrend line. We should expect the price reversal and a further downward movement to 1.16000 support zone. Use the hourly charts for the exact short setups based on the price reversal from the resistance zone.

If the price breaks the uptrend line, it will be possible to use the breakout for buying. A good trade opportunity will be based on a reversal signal from the uptrend line if the price retests it as new support.

All trades must be used with proper risk management.



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.