Its been a while since the last time I placed a trade in the EURUSD, but now, apparently it wants to head up. But, how high could it go? Well, my next long term resistance level is at 1.5346, so we’ll probably see the EURUSD trading at those levels in the following days/weeks.
Right now it is trading in a short term range around 1.4859 and 1.4802. We’ll see what happens.
My Trading Plan:
As long as the EURUSD keeps trading above 1.4800 I will be looking for long trading opportunities. All take profit orders will be placed below the next LT resistance level around 1.5346.
All short opportunities will be ignored.