EURUSD respected strong demand zone coming from 61.8% Fibonacci level at 1.1079
False breakout occurred at demand zone
Price reached oversold region on RSI
bearish momentum is decreasing on MACD which indicates for a coming bullish wave
First target will be at resistance level near 1.1172 then second target will be at level 1.1238
False breakout occurred at demand zone
Price reached oversold region on RSI
bearish momentum is decreasing on MACD which indicates for a coming bullish wave
First target will be at resistance level near 1.1172 then second target will be at level 1.1238
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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.