Eur - We have a BOB

Good Evening Dynamic Traders,

This week is BIG news week so trading with caution is recommended as volatility will be high. In these conditions capital preservation is key.

Tonight's review is of the EURO. The weekly chart shows price at the VI (although not closed above it) and appearing bullish.

The daily chart below shows a breakout candle. The VI has been acting as resistance as can be seen on the chart on previous occassions and may do so again. If price does break through succesfully the next level of resistance can be seen by the longer term trendline which coincides with what may act as resistance levels. Price may also break through and do a pop and a drop. Therefore patience is key, await the right opportunity to ensure safe trading. Please do your own analysis and remember not being in a trade is also a position.















Safe Trading!
Bijal Shah

www.fxcps.co.uk
www.fxcps.eu
www.dynamictraderblog.com

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