EURUSD-06/30/2023
Preferred direction: BUY
Comment: Buyers failed to overcome the local resistance levels and there was no entry point (BUY), as we had planned in the previous idea. Now, at the level of 1.08485 (where limit buys were previously located) there may be a potential entry point formed if the price closes above this level. In this case, a false breakout will be formed, and the instrument can easily rise to 1.09071. If we consider the balance of 1.08485 - 1.09623, then the upside potential lies at 1.09623.
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Comment: Buyers failed to overcome the local resistance levels and there was no entry point (BUY), as we had planned in the previous idea. Now, at the level of 1.08485 (where limit buys were previously located) there may be a potential entry point formed if the price closes above this level. In this case, a false breakout will be formed, and the instrument can easily rise to 1.09071. If we consider the balance of 1.08485 - 1.09623, then the upside potential lies at 1.09623.
Thank you for like and share your views!
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