EURUSD was going sideways last week until the dollar started to strengthened again on high CPI figures that prompts for a Fed rate hike.
The supply level at 1.1480 has caused a strong rejection and more bears are expected in the coming week.
This week, we can switch to selling the upwards pullback at around 1.1380, aiming for 1.1280 and followed by 1.1230.
The supply level at 1.1480 has caused a strong rejection and more bears are expected in the coming week.
This week, we can switch to selling the upwards pullback at around 1.1380, aiming for 1.1280 and followed by 1.1230.
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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.