The EUR/USD needs to move through the $1.0597 pivot to target the First Major Resistance Level (R1) at $1.0647. A return to $1.0550 would signal a bullish session. However, the EUR/USD would need the German and US stats to support a breakout session.
In the case of an extended rally, the bulls will likely test resistance at $1.07 but fall short of the Second...
Its having a lot of selling pressure and due to some dumb reasons bulls are not stepping in. It was very much hilarious to see how it kept on bouncing from 1.07 level. Anyways please keep in mind the following levels for any trade set up today.
20th Feb
DH - 1.07045
DL- 1.06701
21ST FEB
PIVOT - 1.0686
R1-1.0703, S1- 1.0668
R2-1.0721, S2- 1.0652
R3- 1.0755,...
Market is testing trendline 3 times and a good inverted hammer like candle is formed at trendline. Use proper risk management and enter wisely
!Happy trading
A Good breakout has been occured at the strongest support. So it may break further obstacles. Use good risk management and enter wisely.
!Happy trading
