A Balanced Trading Opportunity
EURUSD has a last level of support on the Weekly Chart at 1.0544, and closing below 1.0446 would violate the Bullish Trend.
If we're looking for a buying opportunity, the 1hourly chart support level at 1.0558 could be a good fit. Alternatively, we could wait for the market to sit on the Trendline before heading in for a buying opportunity.
On the other hand, if we're looking to short, we could either sell the market at the Key Resistance Level on the 4-hourly chart at 1.0631 or a Bearish Shark Pattern completion at 1.0722.
Personally, I'm more inclined to look for a buying opportunity. What do you think?
Let me know if you have any questions or concerns. I look forward to hearing your thoughts.
If we're looking for a buying opportunity, the 1hourly chart support level at 1.0558 could be a good fit. Alternatively, we could wait for the market to sit on the Trendline before heading in for a buying opportunity.
On the other hand, if we're looking to short, we could either sell the market at the Key Resistance Level on the 4-hourly chart at 1.0631 or a Bearish Shark Pattern completion at 1.0722.
Personally, I'm more inclined to look for a buying opportunity. What do you think?
Let me know if you have any questions or concerns. I look forward to hearing your thoughts.
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