Over the last 2-3 days, EUR/USD was in a pullback phase. However, looking at the chart,
it seems the pullback phase in EUR/USD is now over and it has resumed it's uptrend.
Price has bounced off the 1.0830 dynamic support level in the 4Hour chart. Currently, there is
no resistance until 1.0970 and a bigger resistance lies above at 1.1030.
So, I do not recommend traders to sell EUR/USD at the current level. If bearish price action along
with rejection candles form at the 1.1030 resistance level that I have highlighted in my chart, traders
can consider selling EUR/USD.
Probable Trade Signal
Sell EURUSD@1.1030
Stop Loss(SL): 1.1080
Take Profit(TP): 1.0870
it seems the pullback phase in EUR/USD is now over and it has resumed it's uptrend.
Price has bounced off the 1.0830 dynamic support level in the 4Hour chart. Currently, there is
no resistance until 1.0970 and a bigger resistance lies above at 1.1030.
So, I do not recommend traders to sell EUR/USD at the current level. If bearish price action along
with rejection candles form at the 1.1030 resistance level that I have highlighted in my chart, traders
can consider selling EUR/USD.
Probable Trade Signal
Sell EURUSD@1.1030
Stop Loss(SL): 1.1080
Take Profit(TP): 1.0870