Sideways EURUSD, Waiting for Resiatance SELL 1.0970
The resistance of the EUR/USD pair has broken; it turned to support around the price of 1.0813 yesterday. The level of 1.0813 coincides with a major support today because the trend is still showing strength above it.
Accordingly, the pair is still in the uptrend from the area of 1.0813 and 1.0800. The Eur/USD pair is trading in a bullish trend from the last support line of 1.0813 towards the first resistance level at 1.0901 in order to test it. This is confirmed by the RSI indicator signalling that we are still in the bullish trending market. Now, the pair is likely to begin an ascending movement to the point of 1.0901 and further to the level of 1.0952. The level of 1.0990 will act as second resistance and the double top is already set at the point of 1.0980. At the same time, if a breakout happens at the support levels of 1.0813, then this scenario may be invalidated. But in overall, we still prefer the bullish scenario as long as the price is set above the spot of 1.0813.
🛑SUPPORT/RESISTANCE
✅S1= 1.0820
✅S2= 1.0760
✴️R1= 1.0920
✴️R2=1.0980
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Accordingly, the pair is still in the uptrend from the area of 1.0813 and 1.0800. The Eur/USD pair is trading in a bullish trend from the last support line of 1.0813 towards the first resistance level at 1.0901 in order to test it. This is confirmed by the RSI indicator signalling that we are still in the bullish trending market. Now, the pair is likely to begin an ascending movement to the point of 1.0901 and further to the level of 1.0952. The level of 1.0990 will act as second resistance and the double top is already set at the point of 1.0980. At the same time, if a breakout happens at the support levels of 1.0813, then this scenario may be invalidated. But in overall, we still prefer the bullish scenario as long as the price is set above the spot of 1.0813.
🛑SUPPORT/RESISTANCE
✅S1= 1.0820
✅S2= 1.0760
✴️R1= 1.0920
✴️R2=1.0980
Please like, share, comments and follow me to get daily base analysis
Thank you for your support, I appreciate it.
تم فتح الصفقة:
and running profit