Make or break level for EUR/USD, Best level to buy?

18 ต.ค. 2023

Hello traders, EUR/USD is currently at a make or break level.
Notice that EUR/USD has struggled at the moving average in the 4hour
chart. If the bulls are unable to take the price above 1.06, then we
might see further drops in EU.

Currently, I do not have any open positions in EUR/USD and I believe the
best approach right now is to wait and observe if price hits a key level
and then place trades.

In case, price falls to the 1.0450 level, I would definitely consider buying.

18 ต.ค. 2023

บันทึก

EURUSD is now below 1.0570 which is not a good sign for the bulls

18 ต.ค. 2023

บันทึก

Trade idea running in 40 pips profit

19 ต.ค. 2023

บันทึก

We have some USD data later in the day which will give some momentum
to this pair

19 ต.ค. 2023

บันทึก

EUR/USD seems to creating a base around the 1.05 level from where we can expect
a trend reversal