EURUSD: BUY ZONE
Updated
The price has been dropping for the last few days. The question is when the bulls step in and get their control back? The market moves sideways on 1D chart. Thus, we have no directional bias. There is a key area at 1.0957. The price respected that level few times and it is more likely it will do it again. It was resistance, but after the breakout became a support zone.
We know that big orders are placed at key zone and this is the area (red box), if buyers are going to step in this is their best chance. Moreover, there is a trendline, which acts as dynamic support.
You can aggressively put Buy order or wait the confirmation bar , reversal signals and then buy. It seems high probability trade to go long.
-----------------------------------------------------------------------------------------------------------------------------------------------------
Trading Books Online - trading-library.com
Top 10 Forex Brokers List - best10forex.com
We know that big orders are placed at key zone and this is the area (red box), if buyers are going to step in this is their best chance. Moreover, there is a trendline, which acts as dynamic support.
You can aggressively put Buy order or wait the confirmation bar , reversal signals and then buy. It seems high probability trade to go long.
-----------------------------------------------------------------------------------------------------------------------------------------------------
Trading Books Online - trading-library.com
Top 10 Forex Brokers List - best10forex.com
Note
Buy EUR
Related publications
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.