Chris Capre’s live open trades: USDJPY, GBPCAD, CHFJPY, EURUSD, FXo EURJPY, BIR
EURUSD – Closing In On Key Support Again (4h chart)
The MT support zone we covered in our daily trade ideas on the 9th of February produced a strong reaction launching price back up to the recent highs around 1.25. Congrats to those members that were able to catch this one.
After producing a minor false break setup at 1.25, price is now again closing in on this support which can offer further potential with-trend opportunities with first resistance coming in at 1.25.
A break and close below 1.2160 would negate my MT bullish bias and put the next support @ 1.2070 into focus.
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