EUR/USD Bulls Past All Resistance! New Target and Pullback Areas
Hi Everyone,
Well as we expected the dollar index continued to weaken causing some strong buying momentum for the EUR/USD and other USD pairs. Now that we have seen the initial move towards 90.00 on the DXY a possible pullback opportunity opens up with a pullback to the 38.2 fib retracement level. At this point we have the 20 and 50 exponential moving averages acting as dynamic support , a fib level and also a new clear take profit at the previous highs.
Good luck,
Tom
Well as we expected the dollar index continued to weaken causing some strong buying momentum for the EUR/USD and other USD pairs. Now that we have seen the initial move towards 90.00 on the DXY a possible pullback opportunity opens up with a pullback to the 38.2 fib retracement level. At this point we have the 20 and 50 exponential moving averages acting as dynamic support , a fib level and also a new clear take profit at the previous highs.
Good luck,
Tom
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.