EURUSD: Trade Opportunities for Buyers and Sellers

The price bounced from 1.14000 resistance zone, and it gave a selling opportunity. If you missed the exact sell signals not far from the resistance, it is not a good idea to open short positions right now. The price has made a good downside movement, and it will be better to wait for a pullback and open short trades as close to the resistance as possible.

RSI confirmed the price reversal, and it shows that the market has space for the downside movement. MACD histogram supports a further downside movement as well. DMI does not confirm the strength of buyers, and it gives us another bearish signal.

The main target for the sellers can be 1.11000 support. The price reversal in this zone will be able to give a buy signal.

Don't forget to use stop orders with any trades and risk per trade no more than 1-2% from the trading capital.



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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.