EURUSD started the year badly, with the price falling more than 300 pips and reaching the important 1.07 zone support.Now the pair is in a normal rebound after touching this level, the overall structure is bearish though.
1.08 is resistance and, in my opinion, rallies in that zone should be sold.
a reversal from that zone followed by a break of support could lead to a drop to important 1.05.
I'm bearish as long as the price stays under 1.09
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.