FX.co ★ berta.hill | EUR/USD
EUR/USD
Hello everyone and have a great weekend! In the EUR/USD pair, on Friday the price was pulled above the 1.1535 resistance, which opened the way for buyers to push it up to the 1.1596 resistance, and they took advantage of that. However, the peak was shown only at the 1.1585 level, and this only suggests that starting Monday we may make another upward wave, renew the high and actually reach 1.1596, and maybe even go higher with the tail of the daily candle. The main thing for selling is not to get a daily candle close above the 1.1596 resistance. Thus, I think I will sell the EUR/USD pair on a bounce from the 1.1596 resistance, and the target for the sells will be the 1.1360 support level, where the lower boundary of the trading range is located and where, with a 70% probability, we should go down after they fail, if they fail, to break above 1.1596.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade