EurUsd - Drafting an Idea...

2014年5月11日

EurUsd is at interesting level at the moment. Price is supported by wedge at the end of last week. As far as price action is concerned, it seems like one more last swing to north can happen here if price decides to do so. There is no absolute clarity on what price will do here, I mean it can decide to break wedge from here & it can also rally again to test the supply zone from here. As far as my analysis & trading the analysis is considered, I m going to watch it closely in coming days...If price stalls at current level & if I see any price indication at smaller TF for longs I will happily trade it & if price breaks down the wedge then I will stay away for time being as I consider it will re-test the wedge at some point & I will be happy to sell at that time....