Wiseforex
Accumulating position for bounce scalpEUR/USD bounced from 1.117, but failed to grow above previous LH level at 1.13534. Now we have several potential bounce zones within this choppy market picture. First one is where price is now. Second lower at 1.12555 and so on.
Support 1.129 / 1.125 / 1.121 / 1.117
Resistance 1.132 / 1.135 / 1.137
NZD going to re-test support at 66.3NZD show first signs of reversing from bear trend on grand scale. I expect it to come back to SR zone it broke out in the end of May. Strongest support at 66.3. Possible bounce a little lower or higher. Note that shorting in the same direction is not safe.
Support 67.6 / 66.9 / 66.3 / 65.65
Resistance 69.2 / 70 / 71.3 / 73.1
Opportunity of a lifetime
If you are looking for the strongest support you can ever think of, it is the one USD/AUD chart is now at 1.420-1.425. Check month timeframe to see it yourself (or even year tf).
Good chances for a nice bounce from this level. I'm talking about 270-300 pips at least with higher targets at 1.47 for 500 pips .
If that support will be broken, still this trade sounds fantastically safe, as its almost 99% chance that price will come back to the same zone, so after average cost at 1.41 or lower 1.3955 you'll be able to exit in profit 😉