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)
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.
which hit hit the TP at 1.1740 with 130+ pips profit( previous set-up
attached below)
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.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.