FxWirePro
Long

EUR/USD faces resistance at 1.091, break above targets 1.1/1.106

FX:EURUSD   Euro Fx/U.S. Dollar
465 2 10
Major resistance – 1.09100 (trend line joining 1.10596 and 1.09916)

The pair has recovered once again after making a low of 1.0805 level. EUR/USD             major support 1.0800 (Jan 8th low) is acting as temporary bottom and any bearishness only below that level.

Break below temporary bottom will drag he pair till 1.0710/1.0670/1.0640.

On the higher side any break above 1.09100 will take the pair to next level around 1.0970/1.1000/1.1060.

It is good to buy above 1.09100 with SL around 1.0845 for the TP of 1.100/1.1060.
Or
Go long at dips around 1.0850 with SL around 1.0800 for the TP of 1.0970/1.1000

SpookiMan8
10 months ago
it can retrace from the trendline a drop tho !!
Reply
SSSDEV
10 months ago
nice chart , your analysis is spot on .on higher level long 1.09100 and lower long 1.0850 . keep it up
Reply
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