Tradeciety

EURUSD pullback into 200 Daily SMA?

FX:EURUSD   يورو / دولار أمريكى
EURUSD broke above the 200 daily SMA end of November for the first time since June 2021 >> red line.

We haven´t seen a pullback yet which is usually a common behavior after breaking a major resistance level.

Above current price, the round number 1.08 is waiting but price seems to be lacking momentum at the moment.

The price is already trading around the weekly Pivot Point. A break below the trendline and the Pivot would most likely lead to a pullback to the Daily 200 SMA. To the upside, the 1.08 level is the first major target but after the recent 3 months trend, a profit taking sell-off seems to be a bit more likely.

I have been trading for 15 years!

> Trend Rider indicator: tradeciety.com/trend-rider-indicator/

> Free weekly trading webinar: www.tradeciety.com/webinar/

> Free blog: www.tradeciety.com/blog
إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.