it is good to buy around 1.10 level but don't forget here is a strong support @1.1040 if this support break then pair will move more down stay safe find good price to buy around 1.10 level
Yorum:
A large sell-off the past week now left EUR testing its key support located at the 1.1005 level. However, this level should provide a temporary support causing a corrective recovery. But if violated, expect more weakness to occur towards the 1.0950 level. Further down, support lies at the 1.0900 level where a violation will aim at the 1.0850 level. A break of here will aim at the 1.0800 level with a turn below that level targeting the 1.0750 level. Below here will shift attention to the 1.07000 level. Its weekly RSI I bearish and pointing lower supporting this view. Conversely, resistance is comes at 1.1100 level with a cut through here opening the door for more upside towards the 1.1150 level. Further up, resistance lies at the 1.1200 level where a break will expose the 1.1250 level. All in all, EUR remains biased to the downside.