EURUSD finally drops to the first Support 1.0770, more weakness?

Hello friends, if you have been following my ideas on EURUSD, you will already recognize this chart. Well, as I was expecting, EURUSD finally dropped to the Support Level around 1.0770 and also managed to bounce up from the support level jumping more than 80 pips.

However, it was a short-lived bounce, and price is now back to the support Area.

At this point, I advise traders not to jump into Buy trades because there's a very good chance that EURUSD can drop to 1.0640 next week.

Komentarz:

And there goes the weak support as expected

Zlecenie aktywne:

Anticipating this move

Sell active at 1.0797

Komentarz:

Another sell limited @1.0815 also triggered as my followers here many already know