Euro / U.S. DollarUpdated EUR/USD best level to buy + 267 Pips
Dear traders, after the bearish move for the last 1 month, EURUSD appears
to be consolidating. A minor support at 1.0660 has been created and EURUSD
is currently consolidating in a small range.
However, since price has fallen below the 100-day EMA, bulls need to be a
little careful.
That being said, 1.0660 appears to be a good point to buy if price doesn't breach
this level. So, traders can consider going long in EURUSD@1.0660 with SL below 1.06
and initial TP at 1.08. Long-term traders can keep their final TPs at 1.11.
to be consolidating. A minor support at 1.0660 has been created and EURUSD
is currently consolidating in a small range.
However, since price has fallen below the 100-day EMA, bulls need to be a
little careful.
That being said, 1.0660 appears to be a good point to buy if price doesn't breach
this level. So, traders can consider going long in EURUSD@1.0660 with SL below 1.06
and initial TP at 1.08. Long-term traders can keep their final TPs at 1.11.
Note
We can see that EUR/USD is moving up, if price break 1.0750, further uptrend is possible.Note
We also have the US unemployment claims data today, that could lead to some volatilityNote
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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.