#EURUSD @ 1.06105 could be an attractive play for the bulls.
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
- EUR/USD could be an attractive play for the bulls.
- Asian shorts could set up the day for London traders as a buy-low opportunity.
EUR/USD has come up from the lows in a sharp correction at the start of the week and leaves the focus on a continuation for the days ahead with 1.0700 eyed on a break of 1.0650 and 1.0670.
The price has found demand near 1.0550 and while still on the front side of the bearish trend, the bias remains bearish. However, a correction into the latest bearish impulse is already underway:
This might only be premature in the correction and this could offer a buy-low opportunity for bulls in the coming sessions in anticipation of a test of the trendline resistance.
EUR/USD could be an attractive play for the bulls if enough of a discount is awarded from what would now be regarded as counter-trendline support as illustrated above. Asian shorts could set up the day for London traders as a buy-low opportunity.
[/s2If]
Join Our Telegram Group
