YourLazyTrader

Is EUR/USD about to go back below 1.08?

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FX:EURUSD   Euro / Dolar A.S.
Dear traders, in my previous EUR/USD ideas I recommended you
to buy with initial target at 1.0970. As you can see, price reached
my buy target last week.

Currently, EUR/USD has pulled back from the broken support possibly
turned resistance level
as indicated in the chart. We are also seeing
the formation of a long-legged doji in the daily chart
.

So, a culmination of the above two factors indicate the EUR/USD may drop
further towards 1.08 as long as the key level at 1.0970 remains unbroken
Komen:
Markets appear to be a bit slow today. Will probably catch up pace by mid week
Komen:
The bearish setup will be validated if price goes to at least 1.09
Komen:
This might happen
Komen:
Penafian

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