EURUSD stop hunt above 1.1069

FX:EURUSD   Euro / U.S. Dollar
85 2 3
EU was supported multiple times in previous weeks by 1994 low at 1.1069. When price broke below this line, it was seen as support-turned-resistance. This big move was likely due to huge amount of stops being placed just above this line and got taken out. Now next H4 and daily close would be important to set the short-term trend. Closing above 1.1069 would be bullish and below this would be bearish .
Now that it has closed above 1.1069, be prepared for a retest of this level and look for long for the next leg higher.
Updated chart to reflect month/week/day range better:
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out