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EURUSD – In Between Key Support & Resistance Zones, Potential False Break | May 3
My Current Active Open Trades: USDCAD, AUDUSD, EURPLN, USDNOK, XAUTHB, (AX_UN)
EURUSD – Stuck in between two S/R zones but printing bullish PA (4H chart)
After clearing the resistance around 1.0850, price is now stuck in between the resistance that was broken which now acts as support and the resistance above coming in at 1.0950.
The price action is clearly showing strong bullish interest, printing higher lows towards the resistance.
For bulls, a solid breakout would put 1.1050 into perspective whilst a false break could provide a good shorting opportunity for the bears with 1.0850 as a first support coming in.
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