We continue to look for a firm test of the downtrend-line from the 137.50 peak, this downtrend-line is currently sitting at 130.95. We could see a temporary setback from the first test, but ultimately, we expect this downtrend to be broken for much more upside to come.
Short-term, we expect support at 129.39 to be able to protect the downside for more upside towards 130.95 If the downtrend is broken the next resistance is seen at 131.35.
Our break-even stop at 129.47 was hit. We will buy EUR here at 129.95 and place our stop at 129.45. We will take half profit at 130.90.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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