The EURUSD comes further close to 1.1300 levels for now and is seen to be trading around 1.1311 levels at this point in writing. Most traders would want to turn bearish but we still remain long until prices stay broadly above 1.1300 levels going forward. A break below 1.1300 levels could trigger a potential sell off but we would remain flat and would wait for potential bullish reversal signals. until prices trade above 1.1300 levels, potential remains for a push through immediate resistance at 1.1620 levels going forward. Interim price support is seen at 1.1300 levels while strong price resistance is seen at 1.1620 levels respectively. Structurally, if a flat is unfolding, potential remains up to 1.1850 levels going forward.
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Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.