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ProSignalsFx
Nov 22, 2021 4:11 PM

✅EUR_USD WHEN TO BUY? LONG🚀 Long

Euro Fx/U.S. DollarFXCM

Description


✅EUR_USD is falling in a downtrend
And the pair has already lost almost 9% from the local highs
Which is a LOT for such a major pair, especially given
That the bulk of the action happened in the last few weeks
So the pair is locally oversold
And I think that those who are in the short trades
Are looking for a level at which to close their positions
At least partly, and the first strong structure is around 1.1179
From there I would be expecting a pullback and a bullish correction
So If we see reversal signs, it would be a great place to buy
IF the level is broken, however, then the nearest support
Would be 1.0759 level, which looks iron-clad
And so the pair will most certainly go up from this level
LONG🚀

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Comments
ProSignalsFx
Agree with my analysis?
tevenesse
good analysis. thanks
ProSignalsFx
@tevenesse, thanks
UnknownUnicorn4127247
Good work man !
ProSignalsFx
@Mehdisouriiii, cheers
SignalProvider
I have the same view on EURUSD
ProSignalsFx
JoeChampion
Amazing idea, thank you for sharing!
ProSignalsFx
@JoeChampion, thanks
ForexTrendline
Thanks for sharing, check out our idea as well
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