ForexTrendline

Buying the EURUSD? | Head and Sholders?

FX_IDC:EURUSD   Euro / U.S. Dollar
Is it time to buy the EURUSD pair? To give you an answer to this question, let's see how we got here.

This is our analysis from 18th of June

and 22nd of June

Price found support in the zone of 1,1850 and it then broke outside of previous high.

But in order to have a reversal, we need to see even higher values than current price level.
This upside push still looks like just a correction and we should be cautious.
The main resistance remains the 1,2000 level!

A break below 1,1880 will lead to another downside push!

That's why we prefer to wait and not buy the EURUSD pair at the moment.

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Comments

I have the same view on EURUSD
Well done
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Thank you.
Reply
@TradeDRR, You are welcome.
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