EURUSD is testing support in the upside plane. The support at 1.1017 plays a key roleOn D1 we see the formation of a retest of 1.1000 level after its break. The market may test this area not only by touching it, but also by false breakout before further growth.
The
DXY is likely to continue its weakening on the back of weak fundamental background, which will affect the forex market accordingly.On H4 and H1 it is worth paying attention to the support area: 1.100 level and upward support in order to make further decisions.
Resistance levels: 1.108, 1.1142
Support levels: 1.107, 1.100, 1.0930
The price may test not only the nearest support, but also the one below. Everything depends on the price reaction to the mentioned levels. But at the moment we expect growth from 1.1017.
Regards R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
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🟢Telegram Channel: t.me/RLindaTrade
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NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.