The EUR/USD is working on its seventh consecutive losing session. Is there any way this trend turns around? Right now, it’s too early to tell. One thing we do know is that March’s low is coming into view and the EUR/USD is trading at March 2020 levels.
Key levels to watch for the trending EUR/USD:
Support (1): March’s Low, 1.0805
Support (2): Big-Round-Number, 1.0800
The trade:
1) Buy 1.0826
2) Stop Loss 1.0794
3) Profit target, 1:1 @ 1.0858
Key levels to watch for the trending EUR/USD:
Support (1): March’s Low, 1.0805
Support (2): Big-Round-Number, 1.0800
The trade:
1) Buy 1.0826
2) Stop Loss 1.0794
3) Profit target, 1:1 @ 1.0858