EURUSD SELL ON DIPS for 200+ FROM KEY LEVELS !!!as we see this pair is trading under a resistance zone and had done double top
and $ dxy is trading above a support zone it is possible with now this pair start a down move
so we are selling with low risk and high rewards 2020 election is important for DXY movements
but also COVID-19 Vaccine news are @ top headlines and is under testing process it can make a
huge Violently in markets so fundamentally _ technically we have great entry here with a small risk
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Eurusdideas
SELL EURUSD FROM KEY LEVELS as we see this pair is going to retrace some more pips and then start falling from the given level
we expected more bearish for EUR with other pairs too Covid-19 cases are again gain in EU it also effect EUR
a retrace is just because if weakness in DXY soon it will start to work with our analysis
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EURUSD resistance & support EURUSD resistance & support
eurusd is pulling up from the downtrend
# last support 1.08948 - a great place to buy tp 1.0952 ( 61.8% Fibonacci )
# If support 1.08948 & 1.08718 will break - a great sell until 1.081
# if resistance 1.0952 will break - great buy until 1.10169
remember all direction need confirmation before opening
EURUSD finds some resistance at the 100D EMA, Possible pullbackWe have been buying EURUSD for the last two weeks from 1.0780 and the results have been great(check idea link attached below)
However, last Friday, it appears the 100D EMA at 1.1035 region has offered some resistance to EURUSD's recent rally.
So, this week, I will be watching whether this area that I have highlighted in my chart offers some resistance or not. If the resistance holds, there are chances of a pullback to the 1.0920 area.
If the above scenario becomes valid, traders can sell between 1.1030-1.1050 with the target of 1.0910-1.0960.
Long-term traders, on the other hand, can use this pullback to BUY THE DIPS and target the 1.1150 area as a potential Take Profit Zone.