EURUSD retracement retesting support levels
EURUSD retracing towards support levels after today's spike action reaching 1.1290 target. Retracement is normal as algorithms take out long stops at lower levels. When enough orders have been taken out, expect a price action rebound towards the upward sloping trendline & retest of 1.1290 barrier.
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.