EUR/USD dropped below the 0.99 level today prompting many traders to think that
the support has been broken finally. However, at the start of the European trading session price has
rebounded quite strongly above 0.99 again.
So, we might have witnessed a false breakout. That being said, EUR/USD is not out of the woods yet
and buyers must exercise caution. Today's daily candle might give some more clarity in EUR/USD.
In my opinion, EUR/USD will climb above parity again and even reach 1.04 and that's why my plan
is to buy every dip with small lots.
the support has been broken finally. However, at the start of the European trading session price has
rebounded quite strongly above 0.99 again.
So, we might have witnessed a false breakout. That being said, EUR/USD is not out of the woods yet
and buyers must exercise caution. Today's daily candle might give some more clarity in EUR/USD.
In my opinion, EUR/USD will climb above parity again and even reach 1.04 and that's why my plan
is to buy every dip with small lots.
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.
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.