EURUSD: Finally, in a Bullish Market Condition, will it reach 1.5346?

Written by Raul Lopez on . Posted in Trades & Analysis

Its been a while since the last time I placed a trade in the EURUSD, but now, apparently it wants to head up. But, how high could it go? Well, my next long term resistance level is at 1.5346, so we’ll probably see the EURUSD trading at those levels in the following days/weeks.

EURUSD

EURUSD

Right now it is trading in a short term range around 1.4859 and 1.4802. We’ll see what happens.

My Trading Plan:

As long as the EURUSD keeps trading above 1.4800 I will be looking for long trading opportunities. All take profit orders will be placed below the next LT resistance level around 1.5346.

All short opportunities will be ignored.

Trade Safe!

Raul Lopez

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Raul Lopez

I've been trading the forex market for more than 11 years. All my trades are based on price action. Check out my Forex Coaching program, I can help you develop a system that helps you trade consistently.
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