Dear Friends,
EUR is getting strength and reversing from key support level at 1.1520, which is probably the trend reversal. On the other hand USD is getting weaker against major currency pairs. I am looking for buying (long) in pullback.
I have identified two support level in case of pullback for EURUSD. I will suggest to open small lot position (buy limit) at entry price 1(1.1740) and see the price action, if it gets bigger pullback I will like to buy it again at entry price 2(1.1660). Target price is 161.8%fibo extension at 1.1970. For more information please refer to the chart below.
For more such FREE analysis and analysis of news that affects the fundamentals please visit our website (tradewavesurfers.com/). Feel free to give your feedback or currency pair you are interested to analyse.
EP1: 1.1740
EP2: 1.1660
SL : 1.1505
TP : 1.1970
EUR is getting strength and reversing from key support level at 1.1520, which is probably the trend reversal. On the other hand USD is getting weaker against major currency pairs. I am looking for buying (long) in pullback.
I have identified two support level in case of pullback for EURUSD. I will suggest to open small lot position (buy limit) at entry price 1(1.1740) and see the price action, if it gets bigger pullback I will like to buy it again at entry price 2(1.1660). Target price is 161.8%fibo extension at 1.1970. For more information please refer to the chart below.
For more such FREE analysis and analysis of news that affects the fundamentals please visit our website (tradewavesurfers.com/). Feel free to give your feedback or currency pair you are interested to analyse.
EP1: 1.1740
EP2: 1.1660
SL : 1.1505
TP : 1.1970