EURUSD is trading in a downtrend. The price set a new structure low this week. Ahead is a strong support. It is based on a major falling trend line linking the last lower lows.
Taking into consideration that the pair is relatively oversold, I will expect a pullback from a green support cluster.
Closest resistance - 1.152
โค๏ธPlease, support this idea with like and comment!โค๏ธ
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.