A next EURUSD movement what's next target.
EURUSD has been consolidating for several sessions now after making a strong impulsive move to the upside earlier this month. Since support the 1.2150 level, momentum has started to slow up and price is beginning to range near the recent highs. That alone isn’t surprising strong impulsive moves are almost always followed by periods of consolidation or retracement as the market pauses, takes profits, and revaluates.
Resistance zone 1.14000 / 1.14700
Support 1.12000
PS Support with like and comments for more analysis to share with you our more experience with you.
EURUSD has been consolidating for several sessions now after making a strong impulsive move to the upside earlier this month. Since support the 1.2150 level, momentum has started to slow up and price is beginning to range near the recent highs. That alone isn’t surprising strong impulsive moves are almost always followed by periods of consolidation or retracement as the market pauses, takes profits, and revaluates.
Resistance zone 1.14000 / 1.14700
Support 1.12000
PS Support with like and comments for more analysis to share with you our more experience with you.
Trade closed: target reached
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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.