EURUSD opened and sold down after Monday's close below a key support.
The supports given gave a bounce but it came down further. I also gave 1.0906 as a level to go long but that broke as well and it sold off to 1.0864, next key support and bounced 20 pips from it nicely.
Price action is bearish, trend is down (it was up yesterday so looking for upside yesterday is not wrong). Given that price bounced off 1.0864, look for a move up to 1.0906 before shorts.
If price is accepted above 1.0908, look for longs to 1.0954.
The supports given gave a bounce but it came down further. I also gave 1.0906 as a level to go long but that broke as well and it sold off to 1.0864, next key support and bounced 20 pips from it nicely.
Price action is bearish, trend is down (it was up yesterday so looking for upside yesterday is not wrong). Given that price bounced off 1.0864, look for a move up to 1.0906 before shorts.
If price is accepted above 1.0908, look for longs to 1.0954.
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Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
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.