Euro / U.S. Dollar
Short

Falling after overbought ,Maintaining within the uptrend line

85
🔔🔔🔔EUR/USD news:

➡️ EUR/USD climbed above the 1.1420 level during early European trading on Monday. However, the pair failed to sustain its gains and retreated to around 1.1380 after entering overbought territory. The earlier advance was driven by continued weakness in the U.S. dollar and President Donald Trump’s decision to extend the deadline for imposing a 50% tariff on the European Unio

➡️ With U.S. Financial markets closed on Monday in observance of Memorial Day, trading volumes are expected to remain thin, which could keep EUR/USD price action relatively subdued in the latter part of the day.

Personal opinion:

➡️ EUR/USD will remain within the uptrend line. So, consider technical retracement zones to buy at a good price for you

➡️ Analyze based on important support resistance and Fibonacci levels combined with trend lines to come up with a suitable strategy

Personal Plan:
🔆Price Zone Setup:

👉Buy EUR/USD 1.1320 - 1.1310
❌SL: 1.1270 | ✅TP: 1.1370

FM wishes you a successful trading day 💰💰💰

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