Technical Analysis Based on Breakout – Buy a bounce from 1.1481
EURUSD – Up
Eur is currently trading below its pivot weekly pivot line 1.1632 but above a key weekly support line 1.1481. If you went short based on yesterday’s forecast, leave this position open but only up to 1.1481, if the price can decline below this support, then further decline towards the weekly support line 1.0468 is expected. As it is on the weekly chart above, a key hurdle can be seen at 1.1481, and any short positions currently opened must not be allowed to remain below it.
Wait and buy a bounce from 1.1481
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