$EUR/USD (EURUSD.FX)$ The dollar is strengthening and thus t...
The dollar is strengthening and thus the $EUR/USD (EURUSD.FX)$ is trying to break through support. It is possible to trade either a breakout or a false-break, but it is necessary to wait for a signal.If the price consolidates under 1.06900 (Consolidation), then it might fall to 1.0600.If the price makes a false breakdown and is able to form a consolidation above the level of 1.07000, then we will have a bullish potential.
The strong fall from 1.07500 can be stopped at 1.0690 after a false-break, but as the zone is complicated we need to wait for a specific price reaction in the form of consolidation above or below the level.
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Mr Pistachio : Hello can buy EUR'USD 1.060?
www… OP Mr Pistachio : Too risky my friend