EURUSD could face resistance in this 1.0820-1.0840 area
Hello friends, EURUSD rallied a bit on Friday and at the end of the NY session, it broke the 100H EMA which was quite surprising.
However, there's a good chance that EURUSD could face some resistance here. And if price doesn't break the area I have highlighted in my chart, then EURUSD could drop to 1.0750 and even lower.
Traders can look to sell if this critical area doesn't break.
However, there's a good chance that EURUSD could face some resistance here. And if price doesn't break the area I have highlighted in my chart, then EURUSD could drop to 1.0750 and even lower.
Traders can look to sell if this critical area doesn't break.
Comment:
Not closing my sells. Although it went up 20 pips more than I would have expected, it is now back to my sell area again.
However, I already sold on Friday and I would like to see how EU reacts at the 1.0880 before deciding to close my sells