EURUSD close to pandemic support

By Biznes-Broker | Analysis of the financial markets | 7 Oct 2021

EURUSD

The currency pair has been in such a strong trend for a month now that it seems unstoppable. When we look at the daily time frame chart, we can see that we are close to support from March 2020. This level is very obvious and due to the first hitting this price zone, many investors will be long there. However, we consider the scenario as shown in the picture. possible high volume breakout and rebound from 1.1400x. in the event of a signal occurrence, it is worth considering both levels.

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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

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/