EURUSD Reversal Awaiting First Higher Low
EURUSD has hit the major support zone I outlined in my EURUSD short call a few weeks back.
After a well defined downtrend with multiple lower high swings, price began to exhaust showing a possible reversal of this trend, strengthened by the fact this was happening at a major support zone.
We had a very strong green candle break here. However, I am still awaiting our FIRST higher low here. This will be confirmed with higher highs, or a break above these highs here at 1.0863. Ideally, I would like to see a pullback on the opening before this happens.
The DXY may also be showing signs of a pullback on the Daily:
After a well defined downtrend with multiple lower high swings, price began to exhaust showing a possible reversal of this trend, strengthened by the fact this was happening at a major support zone.
We had a very strong green candle break here. However, I am still awaiting our FIRST higher low here. This will be confirmed with higher highs, or a break above these highs here at 1.0863. Ideally, I would like to see a pullback on the opening before this happens.
The DXY may also be showing signs of a pullback on the Daily:
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כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.