It broke out above 1.2000! \o/ Finally!

It has almost reached 1.2100. Let's see whether it will manage to breakout above that level too.

Hi mlawson71 ,

Even i Trade EURUSD a lot any suggestion where the trend is going to go as per your analysis supported with your Charts if possible please also are you scalper , swing trader or long time investor

Hi. I hope you have found my comments helpful.
As for what type of trader I am, I am mostly a day trader, I don't like holding positions open for a long time unless I am seeing a very obvious impulse.

It closed after bouncing off from 1.2180. Let's see whether next week it will break out above 1.2200.

The pair has formed a shooting star candlestick at 1.2180 on the daily time-frame. Normally that is a signal for a move south, but the pair remains bullish for now. The new daily candlestick looks like a hanged man but it hasn't closed yet, so we will have to wait and see how it develops.

It has marginally bounced off from 1.2180 and dropped back to 1.2100, a breakout below that level may confirm the move north is over for the moment, although the pair remains bullish.

The pair dropped below 1.2100, next target is, I think, at 1.2050, as it remains quite bearish.

It is consolidating around 1.2100, I doubt that will change before next week.

It broke out above 1.2150 and it remains quite bullish. It is very likely that it will reach 1.2200.