EURUSD Price Analysis

EURUSD Daily chart above. Prices have broken through the resistance line - magenta color, around 1.3150. This could mean the possibility of more upside for the currency in the coming days. In view of the strong push up, there is likely that prices will retrace back to the magenta line. Waiting to see how prices react before planning for any high probability trades.

Remember, trading is a game of probabilities. Where is is uncertainty in the direct of the trend, wait by the sidelines and preserve your capital. Don't trade unnecessarily. Look for high probability trades.