Euro / U.S. Dollar
Long

DeGRAM | EURUSD major support level

849
EURUSD is pulling back to the demand level, where price made a momentum move.

Price is near the confluence level: global dynamic support and the 50% fibo level on the 4 hourly chart.

The market is bullish on the daily chart; therefore, we anticipate a bullish move from the confluence level because price is pulling back against the major trend.


-------------------

Share your opinion in the comments and support the idea with like. Thanks for your support!

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.