Euro / U.S. DollarUpdated EURUSD Trade Idea
In yesterday's forecast, I expected EU to have a pullback to re-test the 1.2126 minor resistance zone before further continuation to the downside, which is exactly what the market is performing right now. Currently looking for some short-term selling opportunities, to activate any short setups we need to see a deeper pullback. Today's setup will remain the same, observe the price action at both the 1.2126 & 1.2170 resistance zone for a potential rejection with 1.2060 (yesterday's low) & 1.2010 support zone as targets. However, do not forget the overall trend on the higher timeframe remains bullish, there are also many minor levels in between the current EU wide range, avoid having unrealistic targets.
Trade safe.
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Note
Previous analysis
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.