EUR/USD Decline Offers Short-Term Trading Opportunity
EUR/USD is experiencing a decline for the second straight day, trading near 1.0880 during the London session on Friday. This drop is primarily driven by a stronger US Dollar (USD), fueled by heightened risk aversion in the market.
From a technical perspective, we've identified a supply area on the EUR/USD chart where a price reversal is likely. While there is a more critical upper zone, the current price action is approaching a significant supply area, presenting a potential scalping opportunity.
Traders should monitor this level closely, as the current momentum towards this supply area may provide a timely entry point for short-term gains. The convergence of technical resistance and market sentiment sets the stage for a potential bounce, making this a strategic moment for scalping the EUR/USD pair.
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From a technical perspective, we've identified a supply area on the EUR/USD chart where a price reversal is likely. While there is a more critical upper zone, the current price action is approaching a significant supply area, presenting a potential scalping opportunity.
Traders should monitor this level closely, as the current momentum towards this supply area may provide a timely entry point for short-term gains. The convergence of technical resistance and market sentiment sets the stage for a potential bounce, making this a strategic moment for scalping the EUR/USD pair.
✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Transaction en cours
Trade fermée: cible de profit atteinte
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Transaction en cours
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🔥 ZERO SPREAD BROKER: forexn1.com/usa/
🟪 Instagram: instagram.com/forexn1_com/
✅ TELEGRAM CHANNEL: t.me/+VECQWxY0YXKRXLod
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🔥 ZERO SPREAD BROKER: forexn1.com/usa/
🟪 Instagram: instagram.com/forexn1_com/
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🔥 ZERO SPREAD BROKER: forexn1.com/usa/
🟪 Instagram: instagram.com/forexn1_com/
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