EURUSD - Intraday - We look to Buy at 1.1701 (stop at 1.1675)
We are trading at oversold extremes.
Bespoke support is located at 1.1700.
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
A lower correction is expected.
We look for a temporary move higher.
We look to buy dips.
Our profit targets will be 1.1772 and 1.1812
Resistance: 1.1730 / 1.1760 / 1.1780
Support: 1.1700 / 1.1670 / 1.1650
We are trading at oversold extremes.
Bespoke support is located at 1.1700.
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
A lower correction is expected.
We look for a temporary move higher.
We look to buy dips.
Our profit targets will be 1.1772 and 1.1812
Resistance: 1.1730 / 1.1760 / 1.1780
Support: 1.1700 / 1.1670 / 1.1650
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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.
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.