EURUSD continued to retrace for the 3rd trading day with little sign of rebound.
As observed, the price has formed lower highs and lower lows throughout the last 3 trading days and thus the price is expected to retrace further.
The price will soon retest the final demand zone near the previous low at 1.1050.
Look for buying opportunity from 1.1065 onward with a stop loss 30 pips below the previous low.
As observed, the price has formed lower highs and lower lows throughout the last 3 trading days and thus the price is expected to retrace further.
The price will soon retest the final demand zone near the previous low at 1.1050.
Look for buying opportunity from 1.1065 onward with a stop loss 30 pips below the previous low.
