EURUSD ready for technical rebound
After September ECB meeting, EURUSD drop about -250pips in 1 day. I think this is the last major capitulation selloff.
EURUSD is way oversold, and a bounce up is imminent. Looking to enter long for a bounce up from the 88.6% FIB retracement. Profit target levels are the 2 resistance zones 1.3100 and 1.3300.
Long EURUSD 1.2890-1.2900
SL 1.2850
TP1 1.3100
TP2 1.3300
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ForexPositive.com
Twitter ForexPositive
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EURUSD is way oversold, and a bounce up is imminent. Looking to enter long for a bounce up from the 88.6% FIB retracement. Profit target levels are the 2 resistance zones 1.3100 and 1.3300.
Long EURUSD 1.2890-1.2900
SL 1.2850
TP1 1.3100
TP2 1.3300
=====
ForexPositive.com
Twitter ForexPositive
=====
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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.