Last week EUR pairs experienced strong bearish pressure dropping to respective strong support levels.
Eurjpy has played out a double bottom pattern and RSI bullish divergence on the support level suggesting a pullback is about to happen.
EURUSD bounced on the support level and printed a rejection candle on the daily timeframe.
EURAUD displays similar dynamics attempting to pullback.
All these suggests the EUR might make recovery attempts in the coming week.
Look out for entries on lower timeframes with proper risk management.
Eurjpy has played out a double bottom pattern and RSI bullish divergence on the support level suggesting a pullback is about to happen.
EURUSD bounced on the support level and printed a rejection candle on the daily timeframe.
EURAUD displays similar dynamics attempting to pullback.
All these suggests the EUR might make recovery attempts in the coming week.
Look out for entries on lower timeframes with proper risk management.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.