EURUSD is currently consolidating below the psychological level of 1.12000. On the daily timeframe, the price is retesting last week’s high, which could potentially break to the upside. Tuesday’s close with a strong bullish candle indicates a possible pullback toward the support area, offering a chance to catch the move in anticipation of a trend continuation. The price may bounce off the support level and the downward trendline. The target is the resistance zone around 1.12230
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Website - rtedinvesting.com/
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
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.