Something to be watching on EURUSD
It is important to keep an eye on the significant support level that EURUSD is currently interacting with. This is particularly relevant due to potential correlations and the impact it may have on your other trades. The long-term nature of this chart means that changes may take time. A bounce at this support level is likely, given its nature. While it may eventually rebound from parity again, focusing on more immediate developments is advisable. Additionally, the dollar has a bullish gap, which aligns with this outlook. THIS IS NOT A TRADE.
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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.