The plan continues for the EURUSD (complete analysis)

Last Thursday I posted my analysis on the EURUSD, I was waiting either for a breakout or a rejection of the short term resistance level.

If you were watching the market, you already know the EURUSD broke through that resistance level, so long opportunities are still in play.

How do I know this?

Take a look at these charts. First the long term chart:

EURUSD

It’s likely to reach the next LT resistance level which is at 1.3382

Ok, now the short term chart:

EURUSD

As long as it continues to trade above 1.3120 (upper green level) it’s safe to look for long opportunities.

Do you agree with me?

Let me know.

Tags: , ,


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 .

  • gracien

    Dear Raul,
    I witnessed other pairs breaking out from the upside on Friday and the EURUSD was almost getting involved I quickly remembered our discussion but it retraced.  I agree that the breakout is almost at hand from the upside.

    Orah Tony

    • Raul Lopez

      Yeo me too… I still think there is more upside room for the EURUSD… We’ll see what happens. 

      Good luck!