Make or break level for EUR/USD, Best level to buy?
Hello traders, EUR/USD is currently at a make or break level.
Notice that EUR/USD has struggled at the moving average in the 4hour
chart. If the bulls are unable to take the price above 1.06, then we
might see further drops in EU.
Currently, I do not have any open positions in EUR/USD and I believe the
best approach right now is to wait and observe if price hits a key level
and then place trades.
In case, price falls to the 1.0450 level, I would definitely consider buying.
Notice that EUR/USD has struggled at the moving average in the 4hour
chart. If the bulls are unable to take the price above 1.06, then we
might see further drops in EU.
Currently, I do not have any open positions in EUR/USD and I believe the
best approach right now is to wait and observe if price hits a key level
and then place trades.
In case, price falls to the 1.0450 level, I would definitely consider buying.
Commentaire:
EURUSD is now below 1.0570 which is not a good sign for the bulls
Commentaire:
Trade idea running in 40 pips profit
Commentaire:
We have some USD data later in the day which will give some momentum
to this pair
to this pair
Commentaire:
EUR/USD seems to creating a base around the 1.05 level from where we can expect
a trend reversal
a trend reversal