Hi Traders,
The maket broke out and retested the area around 1.10200.
Then it was moving higher and made higher highs and lows.
Now it stucks in a resistance zone.
Now the market will probably break this resistance too until
our TP-Level at 1.11100. Our secound TP-Level is at 1.11600.
Both because of probably zones where sellers could get in.
We recommend to buy the breakout with a risk-to-reward up to 1 to 3.5!
Thanks and good luck :)
The maket broke out and retested the area around 1.10200.
Then it was moving higher and made higher highs and lows.
Now it stucks in a resistance zone.
Now the market will probably break this resistance too until
our TP-Level at 1.11100. Our secound TP-Level is at 1.11600.
Both because of probably zones where sellers could get in.
We recommend to buy the breakout with a risk-to-reward up to 1 to 3.5!
Thanks and good luck :)