EUR / USD: breakthrough diagonal resistance levels for key pair

EUR / USD broke above its diagonal resistance signaling an increase to short horizontal resistance. By other hand trend shorts and is very risky for longovi positions despite positive formation.


You still only short positions after the signal for bearish momentum. We do not have such a signal – wait.


Today is Friday and we may see some doaza caution in anticipation of the weekend and the meeting on Monday for talks with Greece. Positive signals from Merkel not calm us down, so we can see caution expect signals to sell.

 Varchev Traders

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