EurUsd could rebound from trend line
In the past two weeks, after reaching a high at 1.1250, EurUsd had a bad run and dropped 300 pips.
However, the trend is not altered yet, with the pair above the recent trend line.
A rebound from this support could be next and considering the fact that DXY is near resistance and it could drop from there, this outlook becomes pretty likely.
In conclusion, dips under 1.1 could be bought for a test of recent resistance.
However, the trend is not altered yet, with the pair above the recent trend line.
A rebound from this support could be next and considering the fact that DXY is near resistance and it could drop from there, this outlook becomes pretty likely.
In conclusion, dips under 1.1 could be bought for a test of recent resistance.
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