EURUSD: At options expiration support...go long on strength!
$EURUSD, $XAUUSD, $XAGUSD and other pairs likely bottomed in the last 3 days...
I'd reccomend looking for long entries on strength here. The option expirations levels I plotted here are key fundamental support and resistance levels we can use to guide us in FX or equities.
Most analysts and banks are bearish on the Euro here, but this move is overdone, and a return to the top of the range is likely, since sell pressure is likely exhausted.
If long, stop should be under the last daily low, and entry breaking a previous day high.
Best of luck,
Ivan Labrie.
I'd reccomend looking for long entries on strength here. The option expirations levels I plotted here are key fundamental support and resistance levels we can use to guide us in FX or equities.
Most analysts and banks are bearish on the Euro here, but this move is overdone, and a return to the top of the range is likely, since sell pressure is likely exhausted.
If long, stop should be under the last daily low, and entry breaking a previous day high.
Best of luck,
Ivan Labrie.
Order cancelled:
No order got filled yet, trend remains down for now.
