Hey Traders, in today's trading session we are monitoring EURUSD for a buying opportunity around the 1.16700 zone. The pair is trading in an uptrend, with price currently correcting toward this key support/resistance level.
Structure: The broader bias remains bullish, but price is retracing after recent highs.
Key level in focus: 1.16700 — a significant area where buyers may look to rejoin the trend.
Fundamentals: The U.S. Dollar Index (DXY) is approaching a strong resistance area around 98.170, which aligns with its broader downtrend. A rejection from this level could reinforce USD weakness and support EURUSD upside momentum.
Trade safe,
Joe.
Structure: The broader bias remains bullish, but price is retracing after recent highs.
Key level in focus: 1.16700 — a significant area where buyers may look to rejoin the trend.
Fundamentals: The U.S. Dollar Index (DXY) is approaching a strong resistance area around 98.170, which aligns with its broader downtrend. A rejection from this level could reinforce USD weakness and support EURUSD upside momentum.
Trade safe,
Joe.
Free Telegram Group:
t.me/+0LGgMsgX9TViOGZk
The 1% Traders Club:
t.me/+dMaf68BK5c5hZDA8
t.me/+0LGgMsgX9TViOGZk
The 1% Traders Club:
t.me/+dMaf68BK5c5hZDA8
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Free Telegram Group:
t.me/+0LGgMsgX9TViOGZk
The 1% Traders Club:
t.me/+dMaf68BK5c5hZDA8
t.me/+0LGgMsgX9TViOGZk
The 1% Traders Club:
t.me/+dMaf68BK5c5hZDA8
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.