Lingrid | EURUSD reached DEMAND zone. Possible LONG

3 ngày trước

EURUSD has reached the psychological level of 1.0500. On the 1H timeframe, the market has formed a double bottom pattern. Currently, the price is moving sideways above this psychological level, which may indicate a slow down in selling pressure. It's worth noting that the price surged from the support zone about a year ago, which we can refer to as a demand zone since the price has returned to it after one year. I believe the market could create a complex pullback, especially considering that the DXY has reached a strong resistance zone. I anticipate some reaction from this zone, with the price likely pulling back toward the downward trendline. My goal is resistance zone around 1.06350

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻