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YourLazyTrader
Aug 5, 2020 6:11 AM

EURUSD rebounds from support once again, continuation expected Long

Euro Fx/U.S. DollarFXCM

Description

In my previous EURUSD ideas(idea links attached below), I highlighted the support zone that sits in the 1.1690-1.1720 area.
As I predicted, EURUSD went up almost 100 pips from my highlighted support area.

Price is also above the 100H EMA and the overall market structure is Bullish.
So, I am expecting a continuation of the uptrend till the price reaches 1.19 level. If EURUSD drops towards the support again. traders can look for buy entries.

Comment

Price reached 1.19 as expected. Close to 100 pips since I posted this idea
Comments
Ladom
Whats next?
YourLazyTrader
@Ladom, maybe a pullback
ayan909
Good idea. Keep it up
YourLazyTrader
@ayan909, Thank you
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