EUR selloff is very intense, and now the price is reaching a nice support setup composed of : Oversold + Demand zone + trendline support. This analysis is void if we close below the trendline ~1.07 ish.
If not I expect the price to bounce from here at least te retest the upper resistance ~1.22 (it may take time)
If not I expect the price to bounce from here at least te retest the upper resistance ~1.22 (it may take time)
Comment:
Nice reaction, but needs a follow-through