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Euro / U.S. Dollar
Long

EURUSD Hits Demand Zone, Potential for an Up Correction

200
EURUSD has reached a demand zone that previously spurred a rally in August. The recent fake breakout at the 1.07800 level suggests that the market may be primed for a pullback, especially as DXY is also testing a key resistance. On the 4H timeframe, a bullish divergence has formed, indicating a potential correction to the upside. If this demand zone holds and the divergence plays out, the market could retrace toward the next resistance zone around 1.09190 as it corrects from the recent overextension
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EURUSDForexforexmarketforexsignalsforextradingSupport and ResistanceTrend AnalysisTrend Lines

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EURUSDForexforexmarketforexsignalsforextradingSupport and ResistanceTrend AnalysisTrend Lines
RTED_Investing
Website - rtedinvesting.com/
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Also on:

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.