EURUSD – Gaps Higher, Sitting Just Under key Resistance
Last week we talked about an intra-day breakout on the EURUSD which was followed up with a pin bar. We suggested looking for longs off 1.3250 and the pair pulled back to 1.3252, then launched higher to end the week. This setup was discussed in our members forum and traded by many so hopefully you profited from that as well.
Opening the week gapping higher, the pair is just below key resistance between 1.3400-3450. If the resistance is hit first before filling the gap, we will consider sell signals in the resistance zone to pullback and fill the gap. If the gap is filled first, then we prefer intraday buy signals …... Keep reading