EURUSD: Retracement it is…

Written by Raul Lopez on . Posted in Trades & Analysis.

Since last December the EURUSD has been falling like a rock, it follow through on January and the first days of February. But we might be on the way of a small retracement (at least to the next LT resistance level):

EURUSD
EURUSD

It broke the resistance of the short term range and it is likely to continue its way up until it reaches at least, the next LT resistance level.

My Plan:

Look for long opportunities if the EURUSD keeps trading above 1.3707. Next LT resistance level is at 1.3846

All short opportunities will be ignored.

Trade Safe

Raul Lopez
StraightForex
http://www.protradingnow.com/

Euro analysis, EURUSD Analysis, Forex majors

Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .
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