Hi Traders!
EURUSD has had double price rejection at the resistance, and there are shorting opportunities near the resistance to target support levels below.
Here are the details:
There is double price rejection at the 1.09986 level, which tells us that bearish demand is currently too strong in this area.
We are looking for a momentum price break and a close below the 20 EMA.
Preferred Direction: Sell
Technical Indicators: 20 EMA
Resistance: 1.09986
Support 1: 1.09102
Support 2 (monthly low): 1.08770
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
EURUSD has had double price rejection at the resistance, and there are shorting opportunities near the resistance to target support levels below.
Here are the details:
There is double price rejection at the 1.09986 level, which tells us that bearish demand is currently too strong in this area.
We are looking for a momentum price break and a close below the 20 EMA.
Preferred Direction: Sell
Technical Indicators: 20 EMA
Resistance: 1.09986
Support 1: 1.09102
Support 2 (monthly low): 1.08770
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX