The pair reached its first support at 1,0841 and it's currently hovering around the level.
This is the 38,2 Fibonacci retracement on the last swing move.
Watch out for market reaction from that level.
In case the price bounces from 1,0841, it will be important to see if there will be enough momentum in an upside move that will take EURUSD again above 1,0900.
And if it breaks below the support, then the next level will be 1,0775!
This is the 38,2 Fibonacci retracement on the last swing move.
Watch out for market reaction from that level.
In case the price bounces from 1,0841, it will be important to see if there will be enough momentum in an upside move that will take EURUSD again above 1,0900.
And if it breaks below the support, then the next level will be 1,0775!
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✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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.