Hello traders, EUR/USD has managed to defend the 1.06 level so far. Currently, on the 4Hour chart, we are seeing the formation of a bullish candlestick. So, the question is whether there will be a sustained recovery in EURUSD?
The first resistance level for the EURUSD bull lies at 1.0665. If the bulls manage to break this level strongly, then there can be further gains in EURUSD. In case of the bullish scenario, I would expect price to reach 1.0760 level. As long as 1.06 level remains unbroken, I would continue to buy the dips in EURUSD
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Bulls need a strong bullish impulsive candle to break the 1.0665 area
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Price moving in same range, major movement might happen tomorrow during Jobless claims data release
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Price moves above 1.0650, let’s see if the daily candle closes green
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We finally had a bullish daily candlestick, price could go above 1.07 today
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Looks like a reversal in underway, price moving in the direction of my prediction