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Ezeprinceley
May 3, 2022 7:25 AM

What can we expect from EURUSD!? 

Euro Fx/U.S. DollarFXCM

Description

On the monthly time frame we see that market has in a couple of weeks ago retested the level around 1.22584 and failed to break it. Price has now currently approached a monthly support level and we are all keen to know what would happen at this point. The possibilities are:
1. Price breaks below this current support level and continues further bearish.
2. Price fails to break below the support level and as such continues in the range !
Lets see how this one plays out, we would take better entries on this pair after it has shown a clear direction, its best to stay out of this one for now.
Comments
rafid20101988
Nice !
Ezeprinceley
@rafid20101988, Thank You
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