29062023 - #EURUSD
Updated
I was looking for a dip for a move higher for EURUSD. The 1.0940 gave a good 20 pips up move but it tested the high and failed and came down, before recovering half way to end the day. This morning, now, EURUSD is continuing the down move at a key level + PZ level. Price is bearish below the two zones with a possible move to test yesterday's low 1.0896 and 1.0886 with DXY possibly going to 102.76-86.
Watch for a possible bullish divergence in EURUSD for a reversal. 1.0886 is a strong support thus expect strong reaction there.
Watch for a possible bullish divergence in EURUSD for a reversal. 1.0886 is a strong support thus expect strong reaction there.
Comment
Just noticed that DXY value is different depending on broker. If using TVC, looking at 103.25-36.
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