The drop in EUR/USD has been remarkable, with the pair even breaking below the critical 1.0500 technical and psychological level. On Friday, it even spiked to a low of 1.0330.
However, following this sharp decline, the pair opened on Monday with a gap up, which has since been filled, potentially signaling the beginning of a correction.
Confirmation of a new bullish leg requires a break back above 1.0515. A daily close above this level could pave the way for a rise toward the 1.0670 resistance zone.
As long as Friday's low remains intact, the outlook remains bullish. Dips near the 1.0400 level could present attractive buying opportunities, offering a favorable risk-to-reward ratio.
However, following this sharp decline, the pair opened on Monday with a gap up, which has since been filled, potentially signaling the beginning of a correction.
Confirmation of a new bullish leg requires a break back above 1.0515. A daily close above this level could pave the way for a rise toward the 1.0670 resistance zone.
As long as Friday's low remains intact, the outlook remains bullish. Dips near the 1.0400 level could present attractive buying opportunities, offering a favorable risk-to-reward ratio.
Dagangan aktif
After a quick rise above 1.05 zone, EurUsd dropped under once more.However, the pairs seems is building preasure for a break.
My target remains around 1.0670 resistance with negation under Friday's low
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.