EurUsd- Bullish as long as 1.0850 is intact
In my recent EurUsd analysis I said that EurUsd is in a clear up trend since the beginning of June and this could offer bulls nice trading opportunities near confluence support.
Indeed, after a short dive under the confluence zone, the pair reversed but was stopped for the rise from the falling trading line.
At this moment, we have clear support at 1.0850, and with the price only 50 pips above that support, we can find nice risk: reward opportunities if we target 1.1 high.
That being said, dips around 1.0880 should be bought and, as said, only a daily close under 1.0850 would negate this bullish scenario
Indeed, after a short dive under the confluence zone, the pair reversed but was stopped for the rise from the falling trading line.
At this moment, we have clear support at 1.0850, and with the price only 50 pips above that support, we can find nice risk: reward opportunities if we target 1.1 high.
That being said, dips around 1.0880 should be bought and, as said, only a daily close under 1.0850 would negate this bullish scenario
Christmas & New Year Offer: 40% Discount- More Details: t.me/IacobMihai
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.