A few days ago I drew attention that, although the trend for EurUsd is strongly bearish, sellers should be careful at the proximity of a major support around 1.05.
The pair reversed yesterday exactly from this zone and is trading now towards 1.06.
In my opinion, a bottom could be in place, at least for now and traders should look to buy dips against this 1.05 level.
The target could be set around 1.07 resistance.
The pair reversed yesterday exactly from this zone and is trading now towards 1.06.
In my opinion, a bottom could be in place, at least for now and traders should look to buy dips against this 1.05 level.
The target could be set around 1.07 resistance.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.