EURUSD Trade Idea
EU has finally broken the wide range between 1.1990 - 1.1850 support & resistance zones. In today's trading session, I will remain neutral bias despite the downwards violation of the 1.1850 support zone. Due to the weak downwards breakout, be aware that could see some bullish rotation upwards above the 1.1850 resistance zone due to the current oversold condition. However, the short-term trend remains bearish, if there's any clear rejection at the 1.1850 resistance zone, that could send EU towards the 1.1650 key support zone.
Trade safe and be flexible.
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Trade safe and be flexible.
Do follow my profile for daily fx forecast & educational content.
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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.