Hey traders,
EURUSD is trading within a wide horizontal trading range on a daily.
1.166 is its support
1/191 is its resistance
Reaching the upper boundary of the range, the market started to fall sharply.
I will expect a further decline to the lower boundary of the range.
Being quite oversold, the price may pull back before the goal will be reached.
Good luck!
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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.