Trade cautiously, EUR/USD might revisit 1.17 support level
In line with the previous idea about selling EURUSD at 1.2240 level, EURUSD has dropped
significantly over the previous couple of weeks.
However, the fall might not be over yet. EURUSD bulls have not been able to stage any meaningful
recovery so far and price has tilted to the downside once again.
If the bears continue their dominance, EURUSD may drop to 1.17 again. I recommend selling EURUSD
if price rallies towards the resistance at 1.20.
significantly over the previous couple of weeks.
However, the fall might not be over yet. EURUSD bulls have not been able to stage any meaningful
recovery so far and price has tilted to the downside once again.
If the bears continue their dominance, EURUSD may drop to 1.17 again. I recommend selling EURUSD
if price rallies towards the resistance at 1.20.