[EUR] Waiting for an opportunity

I watched the currency market with a long bias, selling dollar and buying euro, pound and so on, and I concluded the new trend has begun. But since late March, the price of currency pair EUR/USD has plunged. Price fell below 1.60 and stepped down bottom in mid March.

If we trade with small-size time chart and do day trading, we need to change to short bias. But I hope to say long bias on this pair is still available. I can find the support on my view from weekly chart of currency pair EUR/USD. Since late December in last year, the price tried rebound turning to upward trend. It repeated up and down and build the trend. While an adjustment, it raised bottom. Though there is continuous two-week fall, price doesn’t hurt new building trend line. And I keep my long bias on EUR/USD.

Of course, my view may be proved wrong. So we need the risk management.

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