Tuesday, January 16, 2018
EURUSD intraday long by trend
The falling USD story develops very rapidly. EURUSD hit long-term high above 1.23300 overnight and met heavy volume sellers. Taking profits pushed the pair 100 pips lower, underlying enormous volatility on the markets. This usually happens on historical and significant levels, where bulls and bears fight to death. The time will show us, who is going to win, but we are still on EURUSD bulls side. The pair is giving good price to enter the uptrend and join the party, so why should we take it? Technical setup is illustrated below.
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