We still have not really broken the support so we recommend focusing on a buy signal and here's why:
The Stochastic indicator points to Oversold as it is within the 20-point zone that usually leads to increases in eurusd price.
When we are stuck between a support line and a resistance line, The most correct thing to do is buy close to the support and sell close to the resistance as long as one of the parties does not break one of the options.
When you analyze the dollar (DXY), you see resistance there, which is not at all certain that the dollar will break out, On the contrary, the dollar may be under pressure this week.
Buy EURUSD:
Entry Price: 1.1214
Stop loss: 1.1160
Take Profit:1.1340
The Stochastic indicator points to Oversold as it is within the 20-point zone that usually leads to increases in eurusd price.
When we are stuck between a support line and a resistance line, The most correct thing to do is buy close to the support and sell close to the resistance as long as one of the parties does not break one of the options.
When you analyze the dollar (DXY), you see resistance there, which is not at all certain that the dollar will break out, On the contrary, the dollar may be under pressure this week.
Buy EURUSD:
Entry Price: 1.1214
Stop loss: 1.1160
Take Profit:1.1340