EURUSD POSSIBLE SETUPS
EURUSD still in this UPTREND we had through the year 2020, price is reversing to retest the highs from last year, and also the UPTREND LINE from 2020 March lows.
I will be looking out for price action @ 1.2000 and if a deep retracement, then i'll be expecting buyers to defend the lower support at @ 1.1920 to continue the UPTREND, with target @ 1.2500
WHILE, a push below 1.1920 will indicate a switch of trend, and set price lower, targeting @ 1.1600.
In the meantime we've the sell continuation to the trendline zone to ride with if you like, if we can see retest holding of the zone @ 1.2134 that will set price lower with target @ 1.1200 to 1.1970 zone there about. We can catch that on the lower timeframe 1H or 30mins chart.
I will be looking out for price action @ 1.2000 and if a deep retracement, then i'll be expecting buyers to defend the lower support at @ 1.1920 to continue the UPTREND, with target @ 1.2500
WHILE, a push below 1.1920 will indicate a switch of trend, and set price lower, targeting @ 1.1600.
In the meantime we've the sell continuation to the trendline zone to ride with if you like, if we can see retest holding of the zone @ 1.2134 that will set price lower with target @ 1.1200 to 1.1970 zone there about. We can catch that on the lower timeframe 1H or 30mins chart.
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