EURUSD: Key Short-term Resistance @ 1.0810

21 בפבר׳ 2020

The Euro is still trading Below the falling trend line from Jan 31st top. As the MA band flattens, this trend line becomes more important. It is currently running around 1.0810, and this is our resistance for today. For what is left of this week our strategy is simple: In case it is tested, follow the direction away from this level. I highly recommend against buying before this level is broken.

Munther T. Marji CMT
TechnicalTrader Pro Services