⚡️ For a potential long trade: Look for a rebound from the support zone between 1.0630-1.0640. The nearest resistance level is at around 1.0700, but the pair could rise further to test the next resistance of 1.0760 if momentum builds up. 📈
💪🏽 For a potential short trade: Keep an eye on the pair around the resistance zone of 1.0700. If it faces strong selling pressure here, it can drop back down to retest the support levels. The next support below is at 1.0620. 📉
"The recent price action in EUR/USD has opened up some intriguing trading possibilities. Let's take a closer look at the key zones on the daily chart to find potential entries..."
"If you see a bounce from the 1.0630-1.0640 area, go long for a move back to resistance at 1.0700. But be prepared to bank profits there, or it could keep rising to 1.0760! 🤑 "
"Alternatively, keep an eye on sells around 1.0700 resistance. A break below could drop the pair straight back down to further support at 1.0620. 💸"
"With solid risk/reward ratios, these trades have the potential to be real winners. But don't forget to manage your risk! 😉 "