EURUSD can reverse very soon; looking for buys
The price of Euro versus the US Dollar is going down more than 3 weeks now. However, it seems, the downtrend is about to end.
Today, the price has bounced off crucial support at 1.0994. So, we might see a reversal this week.
That being said, if this support zone can't hold the price, then the next support lies at 1.0880
Either way, I would be looking to buy at any of these support areas and hold my trades till the price goes back to 1.12 area.
Today, the price has bounced off crucial support at 1.0994. So, we might see a reversal this week.
That being said, if this support zone can't hold the price, then the next support lies at 1.0880
Either way, I would be looking to buy at any of these support areas and hold my trades till the price goes back to 1.12 area.
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.
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.