The EURUSD D1 chart is showing a possible trend reversal to the long side. We experienced a heavy push to the upside on Friday, breaking the previous D1 resistance of 1.10042.
What Other Traders Are Predicting
Here Are My Thoughts!
When viewing the W1 chart has reached the previous W1 and MN1 Support C Level. We have not reached these levels since April 2017. If price holds at these levels, then we have a nice long entry. If price breaks and holds below these levels, then we will experience a trend continuation, more than likely down to the 1.06600 level.
On the D1 timeframe, we may see a pull back to the previous resistance line of 1.10042, so make sure you are equipped to enter at this time. Or simply wait for a possible pull back and then enter for the long position.
Our target levels are 1.11000 – 1.11850
Cheers to another successful week!