EURUSD: Commencing the Change in Direction
After digesting the important news published during the last two weeks, the risk appetite in the market seems like fading away, which could increase demand for the greenback.
Expecting EURUSD to at least correct to 1.10 area, around 61.8%, where previous resistance and a confluence of MAs could help finding a bottom :
On the daily chart, the Oscillators recharged and showing signs of losing momentum near the strongest resistance since the beginning of 2019. Moreover, the TD Sell Setup perfection could also be encouraging to favour the short side.
Expecting EURUSD to at least correct to 1.10 area, around 61.8%, where previous resistance and a confluence of MAs could help finding a bottom :
On the daily chart, the Oscillators recharged and showing signs of losing momentum near the strongest resistance since the beginning of 2019. Moreover, the TD Sell Setup perfection could also be encouraging to favour the short side.
Comment:
The pair recharged near the 20 MA, expecting it to hold as support and correct to 1.134 or develop another leg to a new high to the 1.145 - 1.15 region.
Comment:
