Euro / U.S. DollarUpdated EURUSD Trade Idea
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.
Do follow my profile for daily fx forecast & educational content.
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.
Note
Previous analysis
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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.