Euro / U.S. DollarUpdated EURUSD update 🦐
EURUSD has dropped as expected and reached the 1.06000 level over a 4h support.
Traders will now be waiting for a potential break of this support level and a test of the lower weekly level at the 1.05000.
If the price does indeed reach this level and provides an inversion, we may start looking for a potential buy opportunity. However, it's important to keep in mind that trading is always risky and there are no guarantees that the price will behave as expected.
We will wait for further confirmations over that level
Traders will now be waiting for a potential break of this support level and a test of the lower weekly level at the 1.05000.
If the price does indeed reach this level and provides an inversion, we may start looking for a potential buy opportunity. However, it's important to keep in mind that trading is always risky and there are no guarantees that the price will behave as expected.
We will wait for further confirmations over that level
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