EURUSD Trade Idea
In yesterday's analysis, I expected EU to have continuation to have downwards opportunity, which was exactly what the market performed. In today's trading session, I will remain neutral bias by focusing on the price action. EU is currently in a channel, there are two setups that I am looking at
1. Price is currently above the 1.2140 minor support zone, if there's any bullish rejection, that could send EU back to yesterday's high at 1.2230 resistance zone (Bullish)
2. If sellers are in control, the bottom trendline will be buyers' final defense, if it is being violated we could expect EU to have further bearish momentum (Bearish)
The overall trend on the timeframe remains bullish bias.
Trade safe.
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1. Price is currently above the 1.2140 minor support zone, if there's any bullish rejection, that could send EU back to yesterday's high at 1.2230 resistance zone (Bullish)
2. If sellers are in control, the bottom trendline will be buyers' final defense, if it is being violated we could expect EU to have further bearish momentum (Bearish)
The overall trend on the timeframe remains bullish bias.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
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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.