In yesterday's analysis, I expected EU to have further selling pressure towards previous swing low (1.2136 zone), which was exactly what the market performed. As EU is currently within a range, there are two setups that I am currently looking at
1. A second rejection at 1.2135 support zone for a double bottom setup, a bullish reversal back towards 1.2217 prior day high
2. A breach of 1.2135 support zone would lead us to 1.2065 support zone, look for a break & re-test setup
However, do not forget the overall trend on the higher timeframe remains bullish. Trade safe.
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1. A second rejection at 1.2135 support zone for a double bottom setup, a bullish reversal back towards 1.2217 prior day high
2. A breach of 1.2135 support zone would lead us to 1.2065 support zone, look for a break & re-test setup
However, do not forget the overall trend on the higher timeframe remains bullish. Trade safe.
Do follow my profile for daily fx forecast & educational content.
Komen:
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