Last week EURUSD had retraced up beyond fb33 level, but just below fb50. For bigger trend, expect it to touch fb50 anyway.
In a daily chart, the flat top of the cloud can be a strong resistance against an uptrend. Can look out for short opportunities at 1.28 region. However, if price closed above the flat top, bullish trend will continue to 1.31 (fb67), even 1.33 (fb80). When price ever hit 1.33, a reversal might soon take place.
For shorter term play, first to watch out for short at 1.2690, SL 30 - 40 pips, TP 1.2480.
Long position can be at EMA200 of 4H chart, around 1.2460, or trendline at 1.2400.
p/s: Trading buddy, finally ripple got update, thanks for constant encouragement, haha. Had one winning and one losing trade in the past week, there's a big room for improvement.
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