EUR/USD at critical support, trade with caution
Hello traders, EUR/USD is at a very critical support zone. I say critical because
this is the last noticeable support zone. The next support lies far lower at 1.0460.
So, at this stage, it would be wise to exercise caution, especially buyers. We can see
that price has already gone up by 45+ Pips from the support zone. In the past,
there were 2 occasions where EUR/USD went up from this zone.
So, if anyone I wants to buy, I would recommend buying at 1.0700-1.0730 with Stop loss
below the 1.0690 level. Targets would be 1.0850 and 1.0950
Today, we have some important data release and also Fed Chair Powell's speech which wil
lead to a lot of volatility.
this is the last noticeable support zone. The next support lies far lower at 1.0460.
So, at this stage, it would be wise to exercise caution, especially buyers. We can see
that price has already gone up by 45+ Pips from the support zone. In the past,
there were 2 occasions where EUR/USD went up from this zone.
So, if anyone I wants to buy, I would recommend buying at 1.0700-1.0730 with Stop loss
below the 1.0690 level. Targets would be 1.0850 and 1.0950
Today, we have some important data release and also Fed Chair Powell's speech which wil
lead to a lot of volatility.
Comment:
Waiting to buy at 1.0730 level if there's a dip during US session
Comment:
EURUSD goes above 1.08 as predicted
Comment:
Price is not moving towards first target as I had mentioned, in total, it is up in 56 Pips profit
Comment:
EURUSD is just 7 pips away from our first target. It has also broken the resistance on the 4H chart
Comment:
First target at 1.0850 reached, in total, over 140 Pips profit
