ChuaYunRong

EURUSD seeks further consolidation

Short
OANDA:EURUSD   Euro / U.S. Dollar
earlier sessions reject from a temporary resistance of 1.188, and seeks for further consolidation to go towards above the 1.19 level.
daily chart RSI is nevertheless still BULLISH , a short term opportunity for a sell towards 2 areas 1.18018 and 1.17505 respectively
once again i believe the lower we go , the more buyers we find as long as 1.167 holds.
if 1.18018 holds as a new support, be prepared to go for long towards 1.188 or even 1.1925, but if it doesnt then we are pretty much heading to 1.17505 to look for strong support.

R3 : 1.1925
R2 : 1.1905
R1 : 1.1880
PP : 1.1830
S1 : 1.1802
S2 : 1.1751
S3 : 1.1700
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.