In this post, I am going to share with you my analysis on the EURUSD and GBPUSD so that you can also make some profits from the movement when it occurs.
For the EURUSD, there is a major support level that the price has been trying to break.
In fact, it has broke through it twice but is now back again within the level.
If you take a look at the picture below, you can see that the price has broke below it on the 20th Jan but later move back up again.
It tried to break below it yesterday on the 24th Jan and is now back above that level.
For me, I will wait for the price to move up first until it hits the major resistance at 1.13523 before I enter a SELL trade. At the time of posting this post, the price has made a third attempt to break below the support again.
The GBPUSD has made an impressive downward movement yesterday. For this pair, I will wait for it to retrace back to hit at least the 200 EMA before I look for opportunity to go SHORT
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