Mihai_Iacob

EurUsd- Pressure is lifted, 103 is very probable now

Long
FX:EURUSD   Euro / U.S. Dollar
As I've written yesterday and on the 6Th of September, EurUsd seems ready for a correction.
Yesterday has been a volatile day for EurUsd which went above and under parity and finished the day with a Doji.
Looking at the 4h posted chart we can see that after an initial rise above parity, the pair fell strongly but found strong bids in 0.9930 and reversed strongly overnight, putting in a higher low on our chart.
At this moment EurUsd is trading just under the recent range's resistance and a break un seems very likely. In such an instance I expect the pair to accelerate its gains and rise to 1.03 zone resistance.
I expect parity to remain intact for the time being and dips should be bought in search of a good R: R considering a stop loss under yesterday's low and a target in mentioned resistance.


Best of luck!

Mihai Iacob


My Yesterday's analysis:


🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.