Daily EUR/USD trades

[tacmot]

Profit taken on Short EUR/USD1.3136 at target 1.3119, tacmot

 

[romik]

Quote from romik:

Price sitting just above of major weekly support, been tackled twice now. Sellers will definitely try again and again to take that level 1.3123-1.3126 (depending on source). I will be short every time with a 20 pip stop.

Changed stop to 1.3138, holding short

 

[romik]

Quote from romik:

Changed stop to 1.3138, holding short

-12 pips, will re-enter 1.3126 break

 

[romik]

Is EUR/USD ready to continue the uptrend?

or is EUR/USD going to head lower perhaps to 1.2980?

Opinions?

 

[tacmot]

Romik, EUR/USD will go higher. It is trading about 5 minute Ichimoku cloud which is a good sign, tacmot

 

[romik]

Quote from tacmot:

Romik, EUR/USD will go higher. It is trading about 5 minute Ichimoku cloud which is a good sign, tacmot

Are you referring to today or longer term?

 

[tacmot]

Romik, It moved above it today which is a good sign, tacmot

 

[romik]

Quote from tacmot:

Romik, It moved above it today which is a good sign, tacmot

OK, I would be waiting for 1.3212 - 1.3244 - 1.3252 break, IMO current pullback ain't over until price starts making higher highs/lows (so far only 1 higher low) and breaking previously established resistance levels. At the moment there are signs present for continuation of a pullback and for uptrend continuation.

 

[romik]

Looks like a good short set-up here on 15

 

[romik]

Short 1.3143