On Friday I made some long EUR/USD trades from 1.3012 with stops below 1.2995. My trades survived by just one pip and my profit targets at 1.3046 and 1.3080 were reached. Right now I am seeing some indecisive maneuvers from both sides - bulls and bears. Monday has always been the day when the market mostly starts making its own mind about where it should go within a week.

I still haven't seen the strong 1.3150 - 70 resistance level tested, and I know that many serious short orders are placed within that area. So I expect the market to continue North until it reached the 1.3150 - 70. Then things may start looking really interesting, after the bulls and bears will be putting up a serious fight. I would start selling from 1.3150 - 60 with stops above 1.3180.

In the meantime I have placed two long EUR/USD orders in the 1.3050 level with stops below 1.3027. Let's see what happens...

Brought by forexsignals24

Views: 132

Tags: eur-usd, eur/usd, eur/usd long signals, eurusd, forex market, forex market lessons, forex signals, forex trade signals

Comment

You need to be a member of Forex Social Network to add comments!

Members

Join us on Facebook Now!!!

Hi everyone

This website was closed June 2nd 2015.

Please, join us now at Facebook where you can keep sharing your thoughts about Forex with our community of traders:

https://www.facebook.com/superfxnews

OVER 2,500 READERS!!!!

© 2015   Created by FXStreet.

Badges  |  Report an Issue  |  Terms of Service

Offline

Live Video