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$EURUSD : Speculative long maybe?

by Gav

I was thinking about shorting EURUSD yesterday at 1.3 level, and in fact, I did.  I closed the position with some small gain. Had another look at EURUSD, We have a pennant formed at the top, broke out, and now we are back to the back of the trend line. Now it got me interested in short term long of EURUSD. I am still thinking. Well, this is another idea.

Anyway, I am looking at near 1.31 area as next resistance level.

Here is the Chart!

EURUSD hourly

Filed Under: Support Resistance, Trading Journal Tagged With: Chart in the watching, EURUSD, FX, Trading Journal

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