EUR/USD Long-Term Trend: Bullish
Key Resistance Levels: 1.13413, 1.13518, 1.13602
Key Support Levels: 1.13090, 1.13023, 1.12860
We made an attempt at breaking out of the long term wedge but failed and fell back inside of the wedge. However, since then we have again tested the resistance line and failed again, but the market still looks determined to push upwards and break out. Can a 3rd attempt at a breakout be successful?
EUR/USD Medium-Term Trend: Bullish
We made an attempt at breaking out but found a wall of sellers at the diagonal resistance trend line. Since then, we have pulled back 50-61.8% of the move. If buyers come back in and keep us from chasing the diagonal support line, we may see another test for a bullish breakout.
Buy Limit Order @ 1.13117
TP 1 @ 1.13846
TP 2 @ 1.14181
Stop Loss @ 1.12847
Trade Safely 🙂