EURUSD catching the trough


EURUSD

The title is quite telling, but I will describe the problem quickly. I do not like to trade when there is no specific signal for a possible trend reversal. This is the case here because yesterday we had a steady downward move so our benchmark today is only the support we wrote about last week. The support is quite strong and the price has already reacted, but as in the title, it is "catching the hole". Everyone has to decide for themselves whether they want to enter the position and take a greater risk than usual based on the support alone.

I have marked two possible levels in the picture that need to be monitored. One is a resistance which is also quite solid, and two is just our signal of price reversal, unfortunately it is very distant at the moment.

eur

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Biznes-Broker
Biznes-Broker

Trader, cryptocurrency and forex market analyst. Editor of investor magazines: EN: http://biznes-broker.com/ PL: http://pvq.pl/ By giving me a tip you donate it to charity. All collected funds will help children and animals in need.


Analysis of the financial markets
Analysis of the financial markets

Subjective view of the financial market. Mainly Forex, Indexes and Commodities. Analyzes based on technical analyzes. All analyzes are my view of the market. It is not recommended to make trading decisions based on the information provided. You can check my work here: EN: http://biznes-broker.com/ PL: http://pvq.pl/

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