Hello, Traders! Monfex is at your service and today we overview EUR/USD.
EURUSD has a bullish divergence by RSI and soon it will reach the 61.8% Fibonacci which is a good support level for bulls. Moreover, there was no rebound after start falling by double top pattern.
The resistance zone ~ 1.1064-1.1075
The support zone ~ 1.10-1.09935
Supposed Trade Signal by EUR/USD
Buy near support zone 1.10
Take profit ~ 1.1070
Stop loss at 1.09847
Potential profit will be in 3 times bigger than risk.
Share your thoughts, ideas about the market under the chart.
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Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
The market will be fallowed by a big tendency of bear, then I think there's a better chance of stay going down until 0%
But thank you so much for share, I'll pay attention to that