Is it time for a pullback on EURUSD?

EURO / U.S. DOLLARICE

Description

⋅ May 16, 2022 3:56 AM

Today, we're expecting a test of the previous low and most probably a breakout as well which should take price around 1,0300.

Around those levels we could expect a pullback on the downfall that started at 1,1180.

That means we should look to close all of our short positions soon.

Once we form a confirmed low and we see reversal signals we could possibly start to look for long trades.

Comments

RLinda

⋅ May 17, 2022 9:51 AM

You can be right. Keep it up)

Stheshaza21

⋅ May 17, 2022 11:53 AM

I think it's worth buying on a rebound level

AlkalineFX

⋅ May 17, 2022 7:00 AM

Clean charts!

UnitedSignals

⋅ May 16, 2022 11:01 PM

Good luck!

FOREXN1

⋅ May 16, 2022 7:29 PM

Nice scenario , we agree :)))

Solldy

⋅ May 16, 2022 5:09 PM

That's a very interesting point of view. I think this scenario is possible for collecting liquidity, it would be very useful. And in the longer term, I'm looking at a price move in the other direction. Thanks for the hard work, mate)

ForexTrendline

⋅ May 16, 2022 5:51 PM

@Solldy, Yeah, you're welcome! Cheers!

yonsfx

⋅ May 16, 2022 4:45 PM

Good job