Euro / Dollar ASDiupdate EURUSD Trade Idea
In yesterday's analysis, I discussed about EU could potentially re-visit 1.2176 resistance level (22th & 25th Jan high), which was exactly what the market performed. In today's trading session, I will be favoring short-term selling opportunities as the currently price action of EU seems more corrective, which could be an exhaustion pattern sending price lower. There are two setup that I am looking at
1. If we notice further selling pressure as price fails to go above 1.2176 resistance zone, a breach of the flag formation could expose 1.2060 & 1.2010 support zones (Bearish)
2. If we see more bullish momentum stepping in violating 1.2176 resistance level, that could send price towards 1.2220 minor resistance zone (Bullish)
However, do not forget the overall trend on the higher timeframe remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
1. If we notice further selling pressure as price fails to go above 1.2176 resistance zone, a breach of the flag formation could expose 1.2060 & 1.2010 support zones (Bearish)
2. If we see more bullish momentum stepping in violating 1.2176 resistance level, that could send price towards 1.2220 minor resistance zone (Bullish)
However, do not forget the overall trend on the higher timeframe remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
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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.