EURUSD long entry on the daily (support & resistance)
Updated
Hi all,
The EURUSD has been retracing to the downside for the last few weeks, after a massive rally to the upside.
The price reversal zone is just below the current market price.
Around the 1.08 level, prices have had support over the last 1 year for a few times. I expect the same to happen again.
Stoploss is around the 1.068 region.
Target 1: 1.15
Target 2: 1.136
Best of luck!
The EURUSD has been retracing to the downside for the last few weeks, after a massive rally to the upside.
The price reversal zone is just below the current market price.
Around the 1.08 level, prices have had support over the last 1 year for a few times. I expect the same to happen again.
Stoploss is around the 1.068 region.
Target 1: 1.15
Target 2: 1.136
Best of luck!
Note
EDIT: Target 1 = 1.105
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