EURUSD
Locally, you can consider buying from these levels (1.06385). The price may begin a correction after a strong impulse (1st wave), which could potentially indicate the beginning of the 2nd wave. If this is a corrective movement, the target can be considered in the area of 1.09480
Local Targets - 1.08560
What can you expect?
Entry from the level of 1.05450 can be considered a big risk, since there is no understanding that the structure has formed for correction. The least risk is waiting for the level of 1.06385 to be broken.
It is better not to take increased risks; a correction is being traded. Cancellation of the idea from level 1.04490.
Targets 1.07590 - 1.08305 - 1.09480
Locally, you can consider buying from these levels (1.06385). The price may begin a correction after a strong impulse (1st wave), which could potentially indicate the beginning of the 2nd wave. If this is a corrective movement, the target can be considered in the area of 1.09480
Local Targets - 1.08560
What can you expect?
Entry from the level of 1.05450 can be considered a big risk, since there is no understanding that the structure has formed for correction. The least risk is waiting for the level of 1.06385 to be broken.
It is better not to take increased risks; a correction is being traded. Cancellation of the idea from level 1.04490.
Targets 1.07590 - 1.08305 - 1.09480
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.
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.