Forex Price Action | Eur/Usd False Break

Hello Price Action Traders.

Eur/Usd

As to the method and rules of my trading plan I don’t trade the markets from December 24 to January 6. I am, however, always in tune with the market by analyzing what happens to start the new year with no “market surprises”. Last Friday, in one of the low liquidity day eur/usd has gone up to break upwards (in intraday session) the previous highs approaching the level 1.3900. The closing price has not kept these levels and concluded the session at 1.3750, well below the highs made a few hours before. This could be considered a false break and can be used for short trades on the pair. Interesting support levels are: 1.3620-1.3520-1.3420.

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