Hi Traders!
EURUSD has found support and is targeting the previous breakout level for a re-test ahead of ECB President Lagarde's speech.
Here are the details:
The market has found strong support at the 1.08555 level, and the price action looks bullish; the lows and highs are starting to get higher, and the price is pulling back near the previous support break at 1.09102, which is now resistance. Additionally, the market is pulling closer to the 20 EMA.
The plan here is to enter near the support level around 1.80555 and target exits near 1.09102.
Preferred Direction: Buy
Technical Indicators: 20 EMA
Resistance: 1.09102
Support: 1.08555
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
EURUSD has found support and is targeting the previous breakout level for a re-test ahead of ECB President Lagarde's speech.
Here are the details:
The market has found strong support at the 1.08555 level, and the price action looks bullish; the lows and highs are starting to get higher, and the price is pulling back near the previous support break at 1.09102, which is now resistance. Additionally, the market is pulling closer to the 20 EMA.
The plan here is to enter near the support level around 1.80555 and target exits near 1.09102.
Preferred Direction: Buy
Technical Indicators: 20 EMA
Resistance: 1.09102
Support: 1.08555
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
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