mlawson71 wrote: Fri Mar 15, 2019 4:06 am
I opened mine at 1.1380. I am considering closing mine as well, I really dislike keeping positions open for that long.

Noice! Did you close your long trade yet Mlawson?

EUR/USD rally facing tougher resistance


Karen Jones, analyst at Commerzbank, suggests that the EUR/USD pair is likely to slip back to the low 1.1200 region as it appears to be baulking just ahead of the 55 and 100 day ma at 1.1366/68.

Key Quotes

“We have our doubts that the market will at this juncture retest the 61.8% Fibonacci retracement of the 2017-18 advance at 1.1186 but Intraday Elliott wave counts remain negative There is now a considerable amount of resistance above the market extending up to the 200 day ma at 1.1486. Rallies will find initial resistance at 1.1366/68 the 55 and 100 day ma, which guard the 1.1420 end of February high and the 1.1425 downtrend. Below 1.1185/75 lies the 1.1110, the May 2017 low and the 1.0814/78.6% retracement.”

Sources: https://forex-station.com (Chart) & https://www.fxstreet.com/news/eur-usd-r ... 1903150620 (article)