A solid bottom is forming in EURUSD and price may rise now
The current situation in eurusd is very interesting as I think that 0.99 is a very important
and strong support level. The bears have not been able to penetrate this level and so a
bottom has formed in this area.
Now, it is up to the bulls to take the price higher and I expect no less than 1.04 in EURUSD.
This is a great chance for the bulls to make good profit but the safety of the trade should also
be considered. And so, if you are a buyer, you should definitely put your stop loss below 0.99.
and strong support level. The bears have not been able to penetrate this level and so a
bottom has formed in this area.
Now, it is up to the bulls to take the price higher and I expect no less than 1.04 in EURUSD.
This is a great chance for the bulls to make good profit but the safety of the trade should also
be considered. And so, if you are a buyer, you should definitely put your stop loss below 0.99.
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