U trun coming for EUR/USD correctively
Updated
Hi traders,
After yesterday US reports EUR slump to 1.1450 lvl to lowest low this year and breaks 1.1500 as expected.
Today and tomorrow we can expect correction to 1.1500 and 1.1530 lvl which are our targets for correction before further decline to 1.1400 lvl.
Market is oversold - RSI on 1h chart is on 33lvl and on 4h chart is on 25/26 lvl
Feel free to comment your opinion!
After yesterday US reports EUR slump to 1.1450 lvl to lowest low this year and breaks 1.1500 as expected.
Today and tomorrow we can expect correction to 1.1500 and 1.1530 lvl which are our targets for correction before further decline to 1.1400 lvl.
Market is oversold - RSI on 1h chart is on 33lvl and on 4h chart is on 25/26 lvl
Feel free to comment your opinion!
Comment
Still expect strong rebound from EUR. Market is oversold, USDX is above 95.00 lvl and surely would drop below 95.00 and target 94.70/94.50 lvl. That would reflect to EURUSD pair and strong rebound to 1.1500 lvl target.
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