A bottom has formed in EUR/USD, will it reach 1.04?
As predicted in my previous idea, EUR/USD has crossed 1.00 level and is also close to my second
target of 1.0050. But, in this idea, I am doing a daily chart analysis of EUR/USD.
As you can see, a bottom seems to have formed in EUR/USD with the 0.99 level being a strong support
so far. So, the likelihood of a bullish rally to 1.04 can not be ruled out.
So, buyers who have already bought at 0.9950 level or below can continue to hold their buy trades
and keep taking partial profit as EUR/USD continues to go up. I would not recommend new buy trades
at this level. In my opinion, one can buy if EUR/USD dips to the 0.9950 level again.
target of 1.0050. But, in this idea, I am doing a daily chart analysis of EUR/USD.
As you can see, a bottom seems to have formed in EUR/USD with the 0.99 level being a strong support
so far. So, the likelihood of a bullish rally to 1.04 can not be ruled out.
So, buyers who have already bought at 0.9950 level or below can continue to hold their buy trades
and keep taking partial profit as EUR/USD continues to go up. I would not recommend new buy trades
at this level. In my opinion, one can buy if EUR/USD dips to the 0.9950 level again.