EUR Is to Take Another Breath
EURUSD reached the resistance from the previous week tops, beign extremely overbought after 20+ hours without breaking the Higher-High -> Higher Low chain.
I expect the pair to take a breath, retracing 38,2% min., and probably to use the previous 1.2380 resistance as a support to make further movements toward the daily parallel border arround 1.2480-2500.
I wouldn't sell the retracement, buy It'd be great to have the opportunity to buy it again on the support zone.
I expect the pair to take a breath, retracing 38,2% min., and probably to use the previous 1.2380 resistance as a support to make further movements toward the daily parallel border arround 1.2480-2500.
I wouldn't sell the retracement, buy It'd be great to have the opportunity to buy it again on the support zone.
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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.