EurUsd- Buy under 1.05

2 Des 2024

In last week's analysis, I mentioned that EUR/USD could reverse to the upside, with the 1.0330 zone likely marking a short-term bottom.

As anticipated, the pair has climbed back above the 1.05 support level, indicating a false breakout. I still expect this correction to extend further, with the pair potentially reaching the 1.0670 resistance level.

In conclusion, any dips below 1.05 should be seen as buying opportunities, targeting the aforementioned resistance level.