EURUSD Stuck in a Range: Will the Oscillation Break or Hold?
Updated
EURUSD has faced repeated resistance at the psychological 1.1200 level, unable to break through, leading to the formation of significant bearish candles. The pair remains trapped in a consolidation phase, with no clear breakout in sight. Meanwhile, the recent upward momentum of the DXY hints at mounting downward pressure on EURUSD. Given these factors, I anticipate continued oscillation within the current range, with my focus set on a downside target at the 1.10800 support level.
Traders, if you found this idea helpful or have your own insights to share, feel free to drop a comment. I’d love to hear your thoughts!
Traders, if you found this idea helpful or have your own insights to share, feel free to drop a comment. I’d love to hear your thoughts!
Trade closed: target reached
target reached.
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