EURUSD Buy the pivot.
EURUSD - Intraday - We look to Buy at 1.1841 (stop at 1.1811)
Daily pivot is at 1.1835.
With signals for sentiment at oversold extremes, the dip could not be extended.
Broken out of the channel formation to the downside.
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
Our profit targets will be 1.1929 and 1.1949
Resistance: 1.1880 / 1.1900 / 1.1925
Support: 1.1860 / 1.1850 / 1.1840
Daily pivot is at 1.1835.
With signals for sentiment at oversold extremes, the dip could not be extended.
Broken out of the channel formation to the downside.
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
Our profit targets will be 1.1929 and 1.1949
Resistance: 1.1880 / 1.1900 / 1.1925
Support: 1.1860 / 1.1850 / 1.1840
Related publications
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.