Make or break level for both bulls and bears in EUR/USD

920
Hello friends, I hope you enjoyed my previous trading set-up on EURUSD
which hit hit the TP at 1.1740 with 130+ pips profit( previous set-up
attached below)
EUR/USD sell opportunity on the hourly timeframe

Currently, EUR/USD is at a very critical level. The area between
1.1690-1.1740 is a support level. So, bulls must defend this level.

That being said, the momentum is with the bears. So, it won't be surprising
if the bears manage to take out the support level. Breaking through the
support will bring 1.15 level back in the picture.

On the other hand, if bulls manage to defend this level, we can see 1.18 again.

The best approach right now is to wait and see the price action at this level
before putting new trades.

I will keep watching and update this idea once I see a possible trade here.





Penafian

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