EURUSD - Intraday - We look to Buy at 1.1701 (stop at 1.1675)
We are trading at oversold extremes.
Bespoke support is located at 1.1700.
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
A lower correction is expected.
We look for a temporary move higher.
We look to buy dips.
Our profit targets will be 1.1772 and 1.1812
Resistance: 1.1730 / 1.1760 / 1.1780
Support: 1.1700 / 1.1670 / 1.1650
We are trading at oversold extremes.
Bespoke support is located at 1.1700.
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
A lower correction is expected.
We look for a temporary move higher.
We look to buy dips.
Our profit targets will be 1.1772 and 1.1812
Resistance: 1.1730 / 1.1760 / 1.1780
Support: 1.1700 / 1.1670 / 1.1650
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