In a previous EUR/USD analysis, I mentioned that the pair could reach the 1.11 resistance zone. Yesterday, the single currency indeed climbed to a high of 1.1088 against the dollar and is currently consolidating its recent gains.
The trend remains strongly bullish, and the trading strategy should continue to be "buy on dips." The ideal entry point for this strategy is the 1.1020-1.1030 confluence support zone, with a target of the 1.11 zone, at least for now.
The trend remains strongly bullish, and the trading strategy should continue to be "buy on dips." The ideal entry point for this strategy is the 1.1020-1.1030 confluence support zone, with a target of the 1.11 zone, at least for now.
Trade closed: target reached
EurUsd passed above 1.11
📈 Forex & XAU/USD Channel:
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.