Euro / U.S. DollarUpdated EURUSD Trade Idea
In yesterday's forecast, I expected EU to have further rotation towards 1.2179 during the current Asia session due to the short-term bearish sentiment, which is exactly what the market performed. Currently will be looking for short-term buying opportunities ONLY if there's a clear rejection at 1.2132 key support zone. As the sellers is currently in control, we need to see more selling pressure to 'stretch' the market further for an over-extended bullish reversal setup during the London session later. Do not the forget the overall trend on the higher timeframe remains bullish. If the bullish setup works, the initial target will be 1.2270 resistance zone.
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Note
Previous analysis
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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.