Lingrid | EURUSD opportunity to BUY at SUPPORT zone

2024年7月15日

EURUSD has broken above the key support level of 1.08500, which was a major resistance. Looking left, we can see that the price is now testing a previously resistance zone where it rapidly fell. Furthermore, there is a bearish divergence on the indicators, suggesting a potential retracement. Therefore I expect a pullback in the market. If the price does pull back to the support level and the upward trendline, we can look for potential buying opportunities. I expect to see a rejection of the support level followed by an upward move. This would confirm that the market is resuming its uptrend. My goal is the resistance at 1.096300


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻