Hey,
I am looking at a long entry on the EUR/USD. We have recently seen the price break the major 1.05 to the topside once again, thanks to the tariff war which has weakened the DXY.
I am looking at entering long on the two set ups as presented on the chart. The physiological 1.075 level and the intraday 1.0683 level as support.
The price is now showing overbought on the 1D timeframe RSI & MACD, and evidently we are seeing less buying pressure at these current levels.
I will be looking for a strong confirmation at either of these levels before entering long. Preferably a wick below either level with the daily close above.
I expect this to play out before end of March.
I am looking at a long entry on the EUR/USD. We have recently seen the price break the major 1.05 to the topside once again, thanks to the tariff war which has weakened the DXY.
I am looking at entering long on the two set ups as presented on the chart. The physiological 1.075 level and the intraday 1.0683 level as support.
The price is now showing overbought on the 1D timeframe RSI & MACD, and evidently we are seeing less buying pressure at these current levels.
I will be looking for a strong confirmation at either of these levels before entering long. Preferably a wick below either level with the daily close above.
I expect this to play out before end of March.
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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.