As Expected, EURUSD still rebound, move away from its low.
As I said in the previous idea :
"So far, EURUSD still rejected from1.0340. While Above 1.0340, Potential Rebound to target 1.0635 & 1.0800."
Now, EURUSD is still in Consolidating Around 1.0591 & 1.0806.
1.0806 is its former Strong Support, now acting as its Strong Resistance.
Break Above 1.0806, would Open The Way To Test 1.0936-1.1021 Area.
Strongest Resistance at 1.1495, its Triple Top.
But, if EURUSD Break Below 1.0591, then would Retest 1.0348.
Strongest Support at 1.0348, its Double Bottom.
As I said in the previous idea :
"So far, EURUSD still rejected from1.0340. While Above 1.0340, Potential Rebound to target 1.0635 & 1.0800."
Now, EURUSD is still in Consolidating Around 1.0591 & 1.0806.
1.0806 is its former Strong Support, now acting as its Strong Resistance.
Break Above 1.0806, would Open The Way To Test 1.0936-1.1021 Area.
Strongest Resistance at 1.1495, its Triple Top.
But, if EURUSD Break Below 1.0591, then would Retest 1.0348.
Strongest Support at 1.0348, its Double Bottom.
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Related publications
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.