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Eurusdsignal

EurUsd- Where to buyAs I said yesterday and correctly anticipated, EurUsd has broken above 0.99 resistance and accelerated its gains towards parity. Now the pair is in a normal short-term correction and this can offer bulls a good opportunity to enter the market. 0.99 and slightly under is now support zone and dips in this zone should be bought. This outlook is negated by a drop under 0.97 and as targets, are the same as written yesterday: 1.02 and 1.03 My yesterday's analysis:
Long
by Mihai_Iacob
17
EurUsd is building bullish momentumAs I said in my last week's EurUsd analysis, although the trend is bearish, in my opinion, it will turn, and is better to look for buying opportunities. Indeed, on Friday we have yet another reversal with a strong bullish engulfing and also yesterday the pair managed to break above the triangle's resistance. As we can see from the posted chart, since the 0.9550 low, EurUsd is putting in higher lows all being marked by strong reversals, indicating buying dips from big players. At this moment EurUsd is facing 0.99 horizontal resistance and a break above would clarify things and put pressure on the upside. The first target can be 1.02, followed by 1.035 zone important resistance. Also, in case of an au break of 0.99, parity should provide some kind of resistance ( I don't expect it to be very strong though). Buying dips with a stop loss under 0.97 could be a good strategy.
Long
by Mihai_Iacob
10