woodrow7reese

Support and resistance zone SELL EURUSD

Short
FX:EURUSD   Euro / U.S. Dollar
The market is currently in a state of consolidation after 5 quick movements. There is now a strong resistance as it has been tested 3 times. Support has also recently flatlined at the same previous lows. I believe EUR USD will continue to drop to the top of the flatlined lows and possibly even hit the 1.07000 area if support is broken.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.