EURUSD: price reversal and trend change to bullish
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Throughout the last week, the Eurodollar price has been falling from the position of 1.222. At the end of January, we saw a similar fall, when the price collapsed by a large volume over the course of a week. The last time after such a collapse, the price recovered the entire volume over the next week. Now we can expect at least a correction that will start from the level of 1.200. Target - 1.208, SL - 1.195.
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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.