Euro / U.S. Dollar
Updated

Buying the dips in EUR/USD

1196
Hello traders, EUR/USD was strongly bullish yesterday.
However, currently, we are witnessing a pullback in EUR/USD.

Price is currently reaching towards the 1.06 key level. However,
if this area holds, and price doesn't go below the 1.0580-1.06
level, I would definitely consider a buying EUR/USD.

Buying the dips in EUR/USD seems like a wise strategy.
Note
Aggressive drops on the hourly chart, price needs to be above 1.0607
for a continuation of the uptrend
Note
4H chart perspective , if price stays above the moving average on the 4H chart, uptrend can resume again snapshot

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.