EURUSD is bearish on daily, weekly, monthly timeframe, with 5 days of down candle. But with sell slowing down, looking for a pullback.
My blue zone for low risk buy/sell is at 1.1634-40. Admittedly my post came late and we had moved up. Immediate resistance is at 1.1656, 1.1672, 1.1690. 1.1712-22 is a resistance zone and should cap high of day.
In the event 1.1634 does not hold, 1.1624, 1.16060, 1.1590, 1.1560-70 are the support/short targets. 1.15020 is very far out. In the unlikely event this level trade today, it will offer a low risk buy level.
My blue zone for low risk buy/sell is at 1.1634-40. Admittedly my post came late and we had moved up. Immediate resistance is at 1.1656, 1.1672, 1.1690. 1.1712-22 is a resistance zone and should cap high of day.
In the event 1.1634 does not hold, 1.1624, 1.16060, 1.1590, 1.1560-70 are the support/short targets. 1.15020 is very far out. In the unlikely event this level trade today, it will offer a low risk buy level.
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Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.