EUR/USD finally getting some noticeable reaction from it's structural support.
Therefore, you can set target prices as shown in chart.
Take a look at the volume today coming off tarnished numbers from US data.
We are also witnessing price coming swiftly into value zone. Take caution taking the trade, as we are in overall down trend.
Therefore, you can set target prices as shown in chart.
Take a look at the volume today coming off tarnished numbers from US data.
We are also witnessing price coming swiftly into value zone. Take caution taking the trade, as we are in overall down trend.
Note
One big sign of buyers returning is that in past 4 days price attempted to break the same area but couldn't. This means that more and more buyers will come in and sellers will be wary of this area. If you're bear on EUR, I would wait close to 61.8% area of the whole down swing.
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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.
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.