Good morning traders,
Hope you all are doing well :)
Considering trading EURUSD today, I've just entered long from 1.2548, as I see here a strong (?) support trendline. Below I have the following levels:
- 1.2536 with another support line (started as resistance one, though) - I consider its impact as minor;
- 1.2529 / 1.2517 - current values of MA100 / MA200.
Even lower I see 1.2498, I think of this level as pivotal one. Below there's only 1.2442 - frankly testing it would mean another low.
At the moment my bias is upward, as decline on EURUSD during early Asian session hasn't formed a proper bearish impulse.