Chris Capre’s Live Price Action Trades: USDJPY, EURUSD, USDCAD, REMX, FXo EURJPY
NOTE: Did I make money in 2017? Learn more by seeing my verified forex trading results for 2017.
EURUSD – Key S/R Zone Cleared (Daily chart)
After holding for almost 5 months, on Friday the key resistance zone between 1.20-1.21 folded under the bullish pressure and we got a strong daily close above the zone.
Weak breakout pullbacks to this zone can offer potential trade setups for bulls. The closest resistance level comes in at 1.2360, followed by 1.2570.
If the zone fails to hold and price closes back below 1.20, we’re likely looking at a false break setup.
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