Dear traders, after the bearish move for the last 1 month, EURUSD appears
to be consolidating. A minor support at 1.0660 has been created and EURUSD
is currently consolidating in a small range.
However, since price has fallen below the 100-day EMA, bulls need to be a
little careful.
That being said, 1.0660 appears to be a good point to buy if price doesn't breach
this level. So, traders can consider going long in EURUSD@1.0660 with SL below 1.06
and initial TP at 1.08. Long-term traders can keep their final TPs at 1.11.
to be consolidating. A minor support at 1.0660 has been created and EURUSD
is currently consolidating in a small range.
However, since price has fallen below the 100-day EMA, bulls need to be a
little careful.
That being said, 1.0660 appears to be a good point to buy if price doesn't breach
this level. So, traders can consider going long in EURUSD@1.0660 with SL below 1.06
and initial TP at 1.08. Long-term traders can keep their final TPs at 1.11.
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We can see that EUR/USD is moving up, if price break 1.0750, further uptrend is possible.
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We also have the US unemployment claims data today, that could lead to some volatility
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