EURUSD - H&S FORMING ALSO KEY SUPPLY ZONE - SELL
EURUSD has climbed for the 2nd consecutive day and is approaching its previous recent high at 1.1215 - 1.1225
Based on the previous wave of rising trend, the price is expected to climb beyond 1.1215 and test the supply zone just above 1.1225, this is down to simple trend analysis. The price may experience a short period of consolidation between 1.1190 and 1.116, which is why we will set a LIMIT.
1.12 is the usual key resistance area if you wish to enter prematurely.
Based on the previous wave of rising trend, the price is expected to climb beyond 1.1215 and test the supply zone just above 1.1225, this is down to simple trend analysis. The price may experience a short period of consolidation between 1.1190 and 1.116, which is why we will set a LIMIT.
1.12 is the usual key resistance area if you wish to enter prematurely.