EUR/USD reaches 1.0670 but struggles again, another fall?
Hello traders, as expected EUR/USD reached 1.0670 level. Our buys at 1.0525 and
1.0590 ( buy entries were dropped in previous ideas) were closed with 140 and 80 pips
profit respectively.
However, EUR/USD has struggled again at the familiar resistance level of 1.0670.
Although I have not sold EUR/USD , there's a chance that price may fall further
towards 1.06.
In the daily chart, a strong resistance lies at 1.0720 which will be a test for the bulls.
I advise traders to keep these points in mind while executing the trades.
1.0590 ( buy entries were dropped in previous ideas) were closed with 140 and 80 pips
profit respectively.
However, EUR/USD has struggled again at the familiar resistance level of 1.0670.
Although I have not sold EUR/USD , there's a chance that price may fall further
towards 1.06.
In the daily chart, a strong resistance lies at 1.0720 which will be a test for the bulls.
I advise traders to keep these points in mind while executing the trades.
Comment:
It went very close to 1.06 as predicted
Comment:
Chop chop. no big moves. We might see some volatility during the US session when the data comes out
