EURUSD Trade Idea
In yesterday's analysis, I expected EU to have continuation to have downwards opportunity, which was exactly what the market performed. In today's trading session, I will remain neutral bias by focusing on the price action. EU is currently in a channel, there are two setups that I am looking at
1. Price is currently above the 1.2140 minor support zone, if there's any bullish rejection, that could send EU back to yesterday's high at 1.2230 resistance zone (Bullish)
2. If sellers are in control, the bottom trendline will be buyers' final defense, if it is being violated we could expect EU to have further bearish momentum (Bearish)
The overall trend on the timeframe remains bullish bias.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
1. Price is currently above the 1.2140 minor support zone, if there's any bullish rejection, that could send EU back to yesterday's high at 1.2230 resistance zone (Bullish)
2. If sellers are in control, the bottom trendline will be buyers' final defense, if it is being violated we could expect EU to have further bearish momentum (Bearish)
The overall trend on the timeframe remains bullish bias.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.