Direct from the desk of Dane Williams.
How about that EUR/USD price action over the last couple of days, huh!
Well, after a couple of days of strong bullish momentum, the pair has ripped straight into resistance printed at both the previous swing high and the top of the pandemic spike.
Take a look at the Euro daily chart below.
EUR/USD Daily:
With the momentum we've seen still looking strong, hopefully the way we trade by waiting to see if the higher time frame zone holds/breaks and then waiting for an intraday retest of short term support/resistance for an entry, will keep us on the right side of the market.
Mark your levels and trade your levels!
Best of probabilities to you,
Dane.
FOREX BROKR | Hive Blog
Higher time frame market analysis.