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DeGRAM
May 29, 2023 8:36 AM

DeGRAM | EURUSD in consolidation  Long

Euro Fx/U.S. DollarFXCM

Description

EURUSD is struggling to make a new low at major support at 1.07000.

Price is decelerating, an indication that bears are running out of steam .

The market is basically in a consolidation zone.

We anticipate a third test of the support and a bullish move.


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Comments
ProjectSyndicate
agree with this, we are stuck in range for now, but bears will come strong from overhead resistances
ArmanShabanTrading
Very clear and informative, well done!
TheSignalyst
always on point when it comes to EU ;) well done brother. I like to see traders mastering one pair the most
FOREXN1
I think the price will Drop more here !
DeGRAM
Good luck in the markets and have a great weekend!
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