2015 strong support held the price so far
Dear fellow traders.
Today we hit a very strong support coming from the trendline of 2015 when the Euro plunged at its lowest.
So far the purple line has held the Euro and it may confirm a reversal in the coming sessions.
In the event that we trade much below the support line we will have the next support at 1.61390.
We are trading slightly of the descending channel at the moment but it is quite normal when you approach a magnet support.
Remember to split your trades in different stakes and always consider all possible scenarios (bullish and bearish) to protect your positions accordingly.
Cheers.
Today we hit a very strong support coming from the trendline of 2015 when the Euro plunged at its lowest.
So far the purple line has held the Euro and it may confirm a reversal in the coming sessions.
In the event that we trade much below the support line we will have the next support at 1.61390.
We are trading slightly of the descending channel at the moment but it is quite normal when you approach a magnet support.
Remember to split your trades in different stakes and always consider all possible scenarios (bullish and bearish) to protect your positions accordingly.
Cheers.
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