EURUSD – Continues Gains After False Break | May 28

EURUSD – Bouncing, But Still A Sell At Resistance (4hr chart)
Bouncing a little higher from the false break below 1.0875, the Euro has reached the mid 1.09 handle and continues to gain steadily.

My bias is still bearish MT and am looking to sell near the role reversal level and key resistance zone at 1.1070. Only a daily close above here changes my bias.

Downside am looking at 1.0875 and eventually a move back down to 1.05 or 1.0675.


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  • sanjiv

    nice analysis

  • Jean Larochelle

    Your lessons are important. I started to understand forex a little different, and I am seeing some change on my result.