EurUsd could correct higher
Since mid-July, EurUsd has started to drop and the pair lost 600 pips since then in a clear down trend.
However, after touching the end of May low support, the pair started to reverse and the last 2 daily candles indicate the possibility of reversal.
Keep in mind though that we are now in the zone of a strong resistance and only a break above this zone would confirm continuation to the upside.
In such an instance, traders could target 1.0770 zone
However, after touching the end of May low support, the pair started to reverse and the last 2 daily candles indicate the possibility of reversal.
Keep in mind though that we are now in the zone of a strong resistance and only a break above this zone would confirm continuation to the upside.
In such an instance, traders could target 1.0770 zone
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