EURUSD Analysis: 02/27/19

The resistance of EurUsd is strong at 1.14 level.

Price is back to near trend line 1 right now, after it tried to push above 1.14 two times.

I have 3 strategies to play with it:

Strategy 1: Use H4 chart, if trend line 1 show strong support with RSI is still above 50 level, I will buy

eurusd bullish strategy

Strategy 2: Use Daily Chart + H4 Chart
- In the daily chart, I draw a trend line for down trend. And we can see that it has some Resistance with three reasons: trend line, Fib 50 level, 1.14 level.

- Therefore, If trend line 1 in H4 chart is not valid, I will sell.

eurusd bearish strategy

Strategy 3: There is a high change the price will be volatile in 1.1350 - 1.1390. If it is a case, I will be scalp for some pips in both directions.