The pair recently broke the 1.1700 support zone, showing strong rejection and signs of a possible bullish reversal. Volume confirms accumulation near the lows, while retail traders remain largely positioned on the short side. Hello, I'm Forex Trader Andrea Russo, an independent trader and prop trader with $200,000 in capital under management. Thank you in advance for your time.
From an institutional perspective, this creates favorable conditions for a potential continuation of the upside.
Momentum indicators are turning positive, and the next few sessions could be crucial for a breakout attempt.
Key Focus:
Support zone around 1.1690-1.1700
Resistance area near 1.1810
Retail sentiment is still strongly short-term → possible upward pressure from institutional investors
⏳ The trend remains bullish in the short term, with expectations of a progressive upward move in the next 24-32 hours.
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📖 NEW BOOK - Avaiable on Amazon
Title: The Institutional Code of Forex
🌐 My Website: andrearussoforextrader.com
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If you’re looking for:
✅ Precise TAKE PROFIT
✅ Precise STOP LOSS
🚀 Join Telegram Channel: t.me/swipeuptrading
📖 NEW BOOK - Avaiable on Amazon
Title: The Institutional Code of Forex
🌐 My Website: andrearussoforextrader.com
✅ Precise TAKE PROFIT
✅ Precise STOP LOSS
🚀 Join Telegram Channel: t.me/swipeuptrading
📖 NEW BOOK - Avaiable on Amazon
Title: The Institutional Code of Forex
🌐 My Website: andrearussoforextrader.com
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.