EURUSD → Retest of downtrend resistance amid weak $
Updated
EURUSD is heading towards trend resistance with interest. This is also supported by the weak dollar, which is standing still. But, the currency pair is still in a bearish trendBuyers are trying to strengthen the euro. On D1 a consolidation format of movement is formed. In this case, the pair may test the trend resistance, but it will be difficult to break it the first time, because the dollar will continue to rise in price for some time due to the actions of regulators, which will affect the euro.
Resistance levels: 1.0802, 1.0864
Support levels: 1.0736, 1.0703
At the moment there is a probability of a retest of the resistance area, but the bears can give strong resistance to the buyers' interests, which in general can be reflected as a pullback from the upper boundary of the trend.
Regards R. Linda!
Trade active
Price continues to move towards resistanceTrade active
Resistance retest is formed on the background of the newsInflation data tomorrow...
🌹TRADING is a CASINO💔!?
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
🧿Web: rlinda.com
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
🧿Web: rlinda.com
Related publications
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.