So, we have been parabolic in the EURUSD for a bit, and are well aware that if we get above that 3786 area the wheels may officially come right off this roller coaster. For now we’re looking to consider responses as we get healthy retracements into the 3400s. Of course support becomes resistance when broken, and resistance becomes support when broken. Don’t feel you need to race into trades. Breakouts challenge even the pros. Wait for your entry.
The Trading Strategy: Two MA Cross Trading Strategy