Hi all,
The EURUSD has been retracing to the downside for the last few weeks, after a massive rally to the upside.
The price reversal zone is just below the current market price.
Around the 1.08 level, prices have had support over the last 1 year for a few times. I expect the same to happen again.
Stoploss is around the 1.068 region.
Target 1: 1.15
Target 2: 1.136
Best of luck!
The EURUSD has been retracing to the downside for the last few weeks, after a massive rally to the upside.
The price reversal zone is just below the current market price.
Around the 1.08 level, prices have had support over the last 1 year for a few times. I expect the same to happen again.
Stoploss is around the 1.068 region.
Target 1: 1.15
Target 2: 1.136
Best of luck!
Note
EDIT: Target 1 = 1.105
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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.