I am pleased to see that my last analysis of the market has played out as expected. The price has reached the targeted level and has encountered a strong resistance zone on the daily timeframe. Additionally, the market is currently overbought and has fallen below the psychological resistance level of 1.1000. This price action indicates that there is a possibility of a drop in the market as it has previously bounced off from this resistance area by making an impulse leg down. Based on these factors, I expect the price to retest the support level or enter an accumulation range zone. My target areas for support are around 1.09148 and 1.08610
Targets: 1.09148, 1.08610
"Stay disciplined and patient"
"Keep analysis simple and concise"
"Have a risk management strategy"
"Trade with a clear mind"
EURUSD
Targets: 1.09148, 1.08610
"Stay disciplined and patient"
"Keep analysis simple and concise"
"Have a risk management strategy"
"Trade with a clear mind"
EURUSD 
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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.