In yesterday's analysis, I discussed about EU could potentially pullback deeper towards 1.2050 support zone, which was exactly what the market performed. But be aware, despite the violation of 1.2050 minor support zone, we still have a 1.2026 serving as a minor support level. In today's trading session, I will be looking for short-term buying opportunities. These are the two setups that I am looking at
1. Both 1.2026 & 1.2000 are support zones that I will pay attention into. If there's bullish momentum rejecting these zones, I'll be using candlestick pattern as the entry trigger, Eg. engulfing, doji, pin-bar, etc. (Bullish)
2. If there's further bearish pressure pushing price below 1.2000, that could expose 1.1960 support zone (Bearish)
Do not forget the overall trend on the higher timeframe remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
1. Both 1.2026 & 1.2000 are support zones that I will pay attention into. If there's bullish momentum rejecting these zones, I'll be using candlestick pattern as the entry trigger, Eg. engulfing, doji, pin-bar, etc. (Bullish)
2. If there's further bearish pressure pushing price below 1.2000, that could expose 1.1960 support zone (Bearish)
Do not forget the overall trend on the higher timeframe remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
Comment:
Previous analysis
