I'm currently considering opportunities on both sides of the EUR/USD pair. My strategy involves going long if the previous weekly low holds, indicating potential upward momentum. Conversely, I am prepared to go short if there is an impulsive retracement, suggesting a downward correction.
Stay tuned and trade wisely!
Stay tuned and trade wisely!
Note
The current support level is broken, so it's not a good time to buy at the moment. The next potential buy opportunity is around the 0.61 Fib level, but only after a new support level is established.Note
Still keeping an eye on short side, ofc it shows weakness around 1.087-88ish area. let's see!
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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.