EURUSD Price Action analys
Hello everyone!
This is my first post on market analysis.
I will try to explain my thoughts on this pair.
After the two-week fall of the EURUSD pair, which started from the 1.1200 zone, the pair found its support in the 1.0900-1.0890 zone.
A pin bar was formed on D1, which also indicates that sellers are losing their positions + a long divergence was formed on H4.
I think it is possible to enter longs at current prices with the nearest target of 1.1000, where the level of resistance is located. Further, in the event of a breakdown and fixation of the price above 1.1000, it will be possible to talk about more distant goals.
Thank you, good luck to everyone and have a nice day!
This is my first post on market analysis.
I will try to explain my thoughts on this pair.
After the two-week fall of the EURUSD pair, which started from the 1.1200 zone, the pair found its support in the 1.0900-1.0890 zone.
A pin bar was formed on D1, which also indicates that sellers are losing their positions + a long divergence was formed on H4.
I think it is possible to enter longs at current prices with the nearest target of 1.1000, where the level of resistance is located. Further, in the event of a breakdown and fixation of the price above 1.1000, it will be possible to talk about more distant goals.
Thank you, good luck to everyone and have a nice day!
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