Daily EUR/USD trades

Profit taken on Short EUR/USD1.3136 at target 1.3119, tacmot

 

Changed stop to 1.3138, holding short

 

-12 pips, will re-enter 1.3126 break

 

Is EUR/USD ready to continue the uptrend?

or is EUR/USD going to head lower perhaps to 1.2980?

Opinions?

 

Romik, EUR/USD will go higher. It is trading about 5 minute Ichimoku cloud which is a good sign, tacmot

 

Are you referring to today or longer term?

 

Romik, It moved above it today which is a good sign, tacmot

 

OK, I would be waiting for 1.3212 - 1.3244 - 1.3252 break, IMO current pullback ain't over until price starts making higher highs/lows (so far only 1 higher low) and breaking previously established resistance levels. At the moment there are signs present for continuation of a pullback and for uptrend continuation.

 

Looks like a good short set-up here on 15

 

Short 1.3143