Hi Traders!
EURUSD has reached its 3-month low, and there is likely to be a support bounce from here, which could mean a potential double-bottom chart pattern opportunity for long entries.
Price Action 📊
There is a lack of bearish momentum to break the three-month low at 1.06352; therefore, it is very likely there is a lot of bullish demand at this area.
Looking for a bounce up from this area to target the trendline resistance area.
Fundamental Analysis 📰
The market's outlook on the EUR has been recently positive, with the ECB raising interest rates by 25 basis points to 4.00%.
Support 📉
1.06352: 3 MONTH LOW
Resistance 📈
1.07807: FIRST RESISTANCE
1.08082: SECOND RESISTANCE
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
EURUSD has reached its 3-month low, and there is likely to be a support bounce from here, which could mean a potential double-bottom chart pattern opportunity for long entries.
Price Action 📊
There is a lack of bearish momentum to break the three-month low at 1.06352; therefore, it is very likely there is a lot of bullish demand at this area.
Looking for a bounce up from this area to target the trendline resistance area.
Fundamental Analysis 📰
The market's outlook on the EUR has been recently positive, with the ECB raising interest rates by 25 basis points to 4.00%.
Support 📉
1.06352: 3 MONTH LOW
Resistance 📈
1.07807: FIRST RESISTANCE
1.08082: SECOND RESISTANCE
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
JOIN OUR FREE TELEGRAM CHANNEL
t.me/bluetonaFX
t.me/bluetonaFX
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JOIN OUR FREE TELEGRAM CHANNEL
t.me/bluetonaFX
t.me/bluetonaFX
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.