Ouch,Ceiling is quite hard !!!
Morning Guys,
Beautiful start to our week here in Builth Wells. The sun is out and (touch wood) it will remain out for the rest of today and the week for that matter. The Welsh Show is taking place in our sleep town and boy has the population swelled over the past couple of days. This place turns into a mad house for the next 4 days… Population before the show, 1000 during the show 200 000 plus apparently (this is split over 4 days mind you). NUTS!!!
EURUSD Monday Intra Day Analysis
Anyway, back to the chart. Today I’m looking at EURUSD. On a Intra Day chart we have loads of Resistance above us (see charts attached below of 1hr & 15min).The Daily Trend is still Bullish, but on a smaller time frame – more undeceive.
EURUSD Monday Intra Day 15min Chart
The Pair needs to break above 14175 to be Long today. With 1st target at 1423, 2nd target at 1429 to look at. Alternatively, if this fails to break above this ceiling area at 14175, then going short to 1st target atr 1412,2nd target 1407 & 3rd target at 1400.
Please ensure that you do your own analysis prior to entering into any trades.
Have a brilliant day and remember to trade Serenely
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