EURUSD rejected at 100-Day EMA. Wait before buying
EURUSD has been rejected from the 100D EMA.
Right now, it looks like EURUSD can fall back to the support level at 1.0990.
It would be interesting to see if we can get some kind of a bullish price action in the Support area.
If that happens, buyers can look for Buys at 1.0990 with a small SL below the support and target the recent high at 1.1240 as TP.
Right now, it looks like EURUSD can fall back to the support level at 1.0990.
It would be interesting to see if we can get some kind of a bullish price action in the Support area.
If that happens, buyers can look for Buys at 1.0990 with a small SL below the support and target the recent high at 1.1240 as TP.
Comment:
As mentioned, price has now dropped to the support area
