EURUSD - Intraday - We look to Buy at 1.0910 (stop at 1.0880)
Trades at the lowest level in 27months. Previous support level of 1.0926 broken. Price action has posted a Doji candle and signals a possible reversal of the recent trend. The selloff is close to an exhaustion count on the weekly chart. The 161.8% Fibonacci extension is located at 1.0917 from 1.1110 to 1.0990. Further upside is expected and we look to set longs in early trade.
Our profit targets will be 1.0970 and 1.1000
Resistance: 1.0970 / 1.0998 / 1.1102
Support: 1.0916 / 1.0910 / 1.0797
Trades at the lowest level in 27months. Previous support level of 1.0926 broken. Price action has posted a Doji candle and signals a possible reversal of the recent trend. The selloff is close to an exhaustion count on the weekly chart. The 161.8% Fibonacci extension is located at 1.0917 from 1.1110 to 1.0990. Further upside is expected and we look to set longs in early trade.
Our profit targets will be 1.0970 and 1.1000
Resistance: 1.0970 / 1.0998 / 1.1102
Support: 1.0916 / 1.0910 / 1.0797
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