Technician

EURUSD: Short-term key levels to Trade

FX:EURUSD   Euro / U.S. Dollar
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There is not much to say as i outlined the key short term levels to trade among on chart. I believe the price may consolidate in a sideways bias among key two levels 1.3100 and 1.3300.

I think the price has gone extremely oversold in the short term, and thus selling rallies and buying dips is my favored approach for now, but taking into consideration that a break below 1.3100 may negate this bias and signal more downside delaying any consolidation.

The closest resistance is at 1.3160, then 1.3220 and finally 1.3300 main resistance.

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My best regards,
Technician
what an analysis! You r rocking...
+2 Reply
Technician najibmulik
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