TradePlus-Fx|EURUSD: short-term view

TradePlus-Fx Updated   
FX:EURUSD   Euro / U.S. Dollar
💬Description: The level of 1.08530 was quite well processed by buyers, and it seemed that one could only look long, however, there are a couple of nuances that say that most likely there will be another correction ahead of this long. The purpose of this correction will most likely be to gain additional position by a big player. And the reason for this is the rather considerable purchases of the US dollar on Friday, which it is unlikely that a big limit player will want to carry out the entire upcoming growth.

Entry points for shorts already exist at current levels, and one can already actively look at shorts. The first target is, of course, the level 1.08530. Then, with a high degree of probability, there will be a false takeout, that is, the price will go below the specified level. It is unlikely that the instrument will go too deep down towards the level of 1.06745. Around the level of 1.07500, we can expect an upward reversal.

🚀Thank for your BOOSTS🚀
👇Share your views and FOLLOW US👇
Trade active
Trade active


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.