Euro / Dollar ASDiupdate EURUSD Trade Idea
In yesterday's forecast, I expected EU to have further rotation towards 1.2132 key support zone as we need to see the over-extended condition (oversold) attracting more sellers before we could place the buy, which was exactly what the market performed. Currently will be looking for short-term buying opportunities ONLY if 1.2132 support holds. There are two setups I am currently looking at
1. A double bottom rejection at 1.2132 with bullish reversal setup back towards 1.2270 zone.
2. A violation of 1.2174 minor resistance zone with a break & re-test setup (Bullish continuation).
However, as sellers remain strong, if 1.2132 support is breached, it could offer short-term selling opportunities with 1.2060 as the initial target.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
1. A double bottom rejection at 1.2132 with bullish reversal setup back towards 1.2270 zone.
2. A violation of 1.2174 minor resistance zone with a break & re-test setup (Bullish continuation).
However, as sellers remain strong, if 1.2132 support is breached, it could offer short-term selling opportunities with 1.2060 as the initial target.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
Catatan
Previous analysis
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.