EURUSD has been walking the walk and is within the resistance zone of 11895-12110 and the upper zone within 12090-12110.
Is 12070 all that there is for now or more to come...
11895-12110 could be a potential consolidation zone with probable support zones between:
11920-11800, break below 11800 then retest of 11720-11660, break below 11660 will target:
11560-11500 or 11420-11380.
CAUTION warranted at this price zone 11895-12110 as consolidation or breakout/breakdown probable.
Breakout above 12110 will target 12575 as next price zone... caution as breakout above 12110 could be an exhaustion move for a deeper consolidation.
Is 12070 all that there is for now or more to come...
11895-12110 could be a potential consolidation zone with probable support zones between:
11920-11800, break below 11800 then retest of 11720-11660, break below 11660 will target:
11560-11500 or 11420-11380.
CAUTION warranted at this price zone 11895-12110 as consolidation or breakout/breakdown probable.
Breakout above 12110 will target 12575 as next price zone... caution as breakout above 12110 could be an exhaustion move for a deeper consolidation.
Note
EURUSD tagged 11820 now in consolidation... break above 11940 then upside resistance 11976-12013 or even above 12070 to 12110.Break below 11820 then 11750-11710 then 11660 or lower.
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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.