Hello friends, if you have been following my ideas on EURUSD, you will already recognize this chart. Well, as I was expecting, EURUSD finally dropped to the Support Level around 1.0770 and also managed to bounce up from the support level jumping more than 80 pips.
However, it was a short-lived bounce, and price is now back to the support Area.
At this point, I advise traders not to jump into Buy trades because there's a very good chance that EURUSD can drop to 1.0640 next week.
However, it was a short-lived bounce, and price is now back to the support Area.
At this point, I advise traders not to jump into Buy trades because there's a very good chance that EURUSD can drop to 1.0640 next week.
Note
And there goes the weak support as expectedTrade active
Anticipating this move Sell active at 1.0797
Note
Another sell limited @1.0815 also triggered as my followers here many already know
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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.