EURUSD AT A DECISIVE SUPPORT
EURUSD started creating a swing lower lows from failing to break a resistance point at 1.21776 price level. This gave about 3 swing lower lows and bounce back from a support price level at 1.20786.
This had a bullish trend towards 1.21664 price level and fell back towards a decisive price zone. If it doesn't break it's previous downtrend at 1.20955 and we see and upward movement above 1.21168 open a short buy towards the Daily resistance.
Further movement in a bullish movement would be towards it previous high 1.21664, although price would react at for a short move at 1.21555, if no breakout, price would continue it's upward movement.
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EURUSD started creating a swing lower lows from failing to break a resistance point at 1.21776 price level. This gave about 3 swing lower lows and bounce back from a support price level at 1.20786.
This had a bullish trend towards 1.21664 price level and fell back towards a decisive price zone. If it doesn't break it's previous downtrend at 1.20955 and we see and upward movement above 1.21168 open a short buy towards the Daily resistance.
Further movement in a bullish movement would be towards it previous high 1.21664, although price would react at for a short move at 1.21555, if no breakout, price would continue it's upward movement.
For More Information Contact RSTradeView via Facebook