Mihai_Iacob

A very important resistance for EurUsd

Long
FX:EURUSD   Euro / U.S. Dollar
Two days ago I've written that EurUsd could be ready to reverse to the upside, but for confirmation, we need a break of 1.0750 zone resistance.
The pair took a dive under 1.07 at first, but this proved to be a false break and now is trading again in this important level o resistance.
The recent rally from around 1.0630 is very strong and indicates a bottom is probably in place and more gains could follow.
1.07 zone is again support so, in my opinion, dips towards this level should be bought.
1.0850 is the first resistance and could be the target for buy trades.



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