EURUSD correction continuesYesterday, EURUSD failed to extend its bullish move and pulled back into a support zone.
We’re once again watching for a reaction here and a potential buying opportunity.
The next key support level is 1,1520 – the 61.8% retracement.
Always trade in the direction of the trend and manage your risk!
Eurusdretracement
Support zone on EURUSDEURUSD is currently in a correction after its rise to 1,1730.
Yesterday, we identified a support zone between 1,1613 and 1,1552.
The price has already moved down to 1,1619 and continues to move lower.
Watch for a reaction from this zone and a potential continuation of the bullish trend.
The target is a breakout above 1,1830!
EURUSD pullbackYesterday, EURUSD attempted to continue its bullish move but was rejected at 1,1788.
Keep an eye on whether it has the strength for another push higher. If it fails again, a correction is more likely to follow.
The first support levels to watch are 1,1699 and 1,1644.
Next week, the FED’s interest rate decision is due.
That news will likely determine both the direction and timing for entry.
Sideways movement on EURUSDEURUSD continues to trade within the range set by Friday’s news.
Tomorrow’s upcoming news is likely to trigger bigger moves.
Until then, there’s no clear reason to enter new positions.
Keep an eye out for potential trend continuation opportunities once the current correction ends.
Euro dollar analysis, be sure to read the caption!Hello, I hope you are doing well❤
I have uploaded the Euro-Dollar analysis for you and I expect your support as always🚀
In the new trading week, the price will grow and then it will start its main decline, because the main trend of high times is falling.🎯
If I see a drop after the price increases, I will post the update right here for you, so don't forget to support me❤✔
good luck💎