Good morning traders,
After really messed finish on Friday we started today's European session back again above hourly MAs.
My trading plan for today is based on the idea, that we're to test on EURUSD previous peak right above 1.2800 level. Possible resistance levels are 1.2805 (previous max), 1.2807 (weekly R1 pivot), 1.282 (hourly resistance line). To my mind, it's unlikely that we can break above this busy 1.2800-20 area.
Important levels to watch below are 1H MA at 1.2740 and 5min support lines started from Friday at 1.2730. I have a buy from 1.2745 and I close it once we have hourly candle closed below 1H MA.
Hope that works :)
Have a profitable trading!