EUR/USD Trading Opportunity
Published On: 3 February 2023, 9:15AM | Donny Lew, Senior Dealer
- Looking at the daily chart of EUR/USD, we can see that price is sitting on the support of the upwards trend line (Blue line) and move up strongly.
- In the coming days we see a possibility of it retracing back to the Support levels with the green arrow shown (price 1.07)
- A pullback towards the support line (price 1.07) might provide an opportunity to long for the price to resume the uptrend .However, if price closes below the support, it may signal an overall shift in the sentiment to the down side and proceed to test the next support level 1.05
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