Lingrid | EURUSD Long OPPORTUNITY from SWAP zone

8 Tem

The price perfectly fulfilled my previous idea. It hit the target level. EURUSD has rebounded from its support level and is now heading towards the next resistance zone. Currently, the market is testing both the June open price and the previous week's highs. After such a move, it's common for the price to either consolidate or experience a correction. On the 1H timeframe, we're seeing a divergence that suggests a potential pullback. However, given the magnitude of the recent bullish rally, it's likely to continue if it breaks and closes above the previous lower high. I'm expecting a pullback towards the swap zone, where the price has bounced off twice previously, before resuming its upward trajectory towards the next resistance level. My goal is the resistance at 1.08800

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

11 Tem

İşlem kapandı: hedefe ulaştı

EURUSD hit the target level.