FX.co ★ berta.hill | EUR/USD

Hello traders, the currency pair EURUSD continues to be under pressure from bulls. They are diligently holding their long positions and making efforts to push the price higher. The desire to reach the level of 1.14697 seems quite justified for buyers. A reasonable decision in this market segment would be to join the buying activity and strive to hold long positions together with them until the level of 1.14697 is reached. In conditions of high market volatility and a rapid rise above the level of 1.14697, I may consider a trading scenario for a downward correction. Selling from the current level of 1.14405 currently seems unlikely, but selling above the level of 1.14697 would become more realistic and could even yield good results. It is important to remember that at the moment the EURUSD pair is in a bullish impulse, and selling after its completion will likely be a correction. I will definitely take this into account when allocating available funds within the capital management strategy.