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YourLazyTrader
May 15, 2023 10:06 AM

EURUSD Daily chart analysis; key levels to watch out for 

Euro Fx/U.S. DollarFXCM

Description

EURUSD fell strongly over the past few days which was expected because of the strong resistance
at the 1.1085 level. Currently, the price is slowly inching toward the first dynamic support level at
1.0770. Although EURUSD may reach 1.0770, I do not recommend opening any more sell trades at
the current price levels.
In fact, it would be wise to wait for a pullback and then if bearish price action forms, we can consider
selling again.
Comments
basictradingtv
excellent EurUsd breakdown!
KABHI_FOREX_TRADING
Good work, Nice setup
LegionQ8
Very nice analysis, good job done!
P_S_trade
Thanks for sharing your vision
MarcellusLUX
Solid analysis but with USD gaining strength, I think it should fall much deeper. 1.05 or even lower
KlejdiCuni
Possible move as long as the price is close to a very sensitive zone. Thanks for sharing!
emillyricci
Awesome analysis :)
FOREXN1
Could be works nice as Support for a possible Pullback.
TradingShot
Nice chart!
TradingBrokersView
Accurate analysis. Thank you.
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