EURUSD Uptrend In Question,
Despite the recent rally, the weekly candle closed in line with the opening of the year, an indication that the pair my not run far up away neither descend too much supported by the fact that the week is covered by inconsequential fundamental data.
Following our previous EURUSD analysis, the 61% bullish entry of Fib was not triggered due to broker spread, despite the plummet was inserted right there (if it was triggered by others, then at least 30pips were allocated up to this writing (1.3605).
If you are on the bullish side, keep the position stable as long as no close below Friday’s low is locked, targeting 1.3630 first, then 1.3700.
***If a close above 1.3630 is not triggered today, the currency will face difficulty in the next run up, mainly, as we approach an overbought territory.
***Rule to Remember: Gaining 20pips out of any free-signal is highly remarkable as such trades are not updated on time or ever.
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