EURUSD Bullish Probability

2015年10月18日

I like the way the technical's have lined up on EURUSD thanks to it's bullish push and formation of a new high past 1.14500. The weekly candle closed as a doji and shows buyer exhaustion. Taking a fib tool and drawing from previous swing low to swing high brings about confluence at 1.13 which is indicated by the arrows. Price touched and closed below on two occasions and finally broke out upside. With the princpile of Breakout-Retest-Continuation i will be looking for long opportunities at that handle/area to push further up to 1.15/1.17