๐ก EURUSD: Potential Resistance area
The EURUSD is nearing the initial resistance level at 1.0630, with a subsequent resistance at 1.0660. If these levels are breached, there's a strong possibility of an upward price trend encountering further resistance zones.
For today, keep a close eye on the resistance at 1.0630 and potentially 1.0660 if the price retraces. If a selling signal materializes at either of these levels, it may be a suitable opportunity to initiate a sell position.
In the event of a significant price surge, we will adopt a wait-and-see approach to evaluate the market's structural conditions before making any further calculations.
For today, keep a close eye on the resistance at 1.0630 and potentially 1.0660 if the price retraces. If a selling signal materializes at either of these levels, it may be a suitable opportunity to initiate a sell position.
In the event of a significant price surge, we will adopt a wait-and-see approach to evaluate the market's structural conditions before making any further calculations.
