Disliked{quote} Hi Guys, Subtle bullish hints for me. Obstacles ahead, the descending trend line which needs to go for bulls to be more comfortable. My weekly resistance 1 at 1.10882 ish is also the major 4 month trend line breakout area. I have opened buy trades, 20 pip s/ loss. Lots of obstacles ahead and I will lock my trades in as soon as I can. Have a great day. Cheers. {image}Ignored
Price currently at my descending trend line from the first of January this year. My future weekly pivot at 1.10606. I don't discount a retrace towards 1.10606 or even my round number 1.10500. Price has a habit of touching a 100 round number and in this case 1.110000 before retracing to the mid round number which would be 1.10500. Of course 1.11000 could be seen as reversal point, but much will be read into price action in this 50 pip zone between bulls and bears. Bulls are looking good in my opinion, but not without a retrace.
The brexit saga could be good for bulls and as for the Trump impeachment, well we have to see.
All in all a guessing game at this point and we just have to go with the flow.
All the best.
Cheers.
Trade to trade another day
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