Euro / U.S. DollarUpdated EURUSD could face resistance in this 1.0820-1.0840 area
Hello friends, EURUSD rallied a bit on Friday and at the end of the NY session, it broke the 100H EMA which was quite surprising.
However, there's a good chance that EURUSD could face some resistance here. And if price doesn't break the area I have highlighted in my chart, then EURUSD could drop to 1.0750 and even lower.
Traders can look to sell if this critical area doesn't break.
However, there's a good chance that EURUSD could face some resistance here. And if price doesn't break the area I have highlighted in my chart, then EURUSD could drop to 1.0750 and even lower.
Traders can look to sell if this critical area doesn't break.
Note
So the price broke through the critical area and this setup is invalid now.However, I already sold on Friday and I would like to see how EU reacts at the 1.0880 before deciding to close my sells
Note
Not closing my sells. Although it went up 20 pips more than I would have expected, it is now back to my sell area again.
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