Euro / Dollar AméricainMis à jour Is EUR/USD about to go back below 1.08?
Dear traders, in my previous EUR/USD ideas I recommended you
to buy with initial target at 1.0970. As you can see, price reached
my buy target last week.
Currently, EUR/USD has pulled back from the broken support possibly
turned resistance level as indicated in the chart. We are also seeing
the formation of a long-legged doji in the daily chart.
So, a culmination of the above two factors indicate the EUR/USD may drop
further towards 1.08 as long as the key level at 1.0970 remains unbroken
to buy with initial target at 1.0970. As you can see, price reached
my buy target last week.
Currently, EUR/USD has pulled back from the broken support possibly
turned resistance level as indicated in the chart. We are also seeing
the formation of a long-legged doji in the daily chart.
So, a culmination of the above two factors indicate the EUR/USD may drop
further towards 1.08 as long as the key level at 1.0970 remains unbroken
Note
Markets appear to be a bit slow today. Will probably catch up pace by mid weekNote
The bearish setup will be validated if price goes to at least 1.09Note
This might happen
Note
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Publications connexes
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.