EUR/USD: EUR may break a psychological low

EUR/USD: EUR may break a psychological low


SELL 1.1305

SL 1.136

TP1 1.1205 TP2 1.1175 TP3 1.075

On the daily chart of EUR/USD, bulls couldn't pull the pair out of the short-term consolidation of 1.13-1.15 and to targets of the "Wolfe waves". It signals their weakness. Bears have taken the initiative. To keep moving down they need to break the support at 1.13.


On H1, 88.6% and 113% targets determine key levels of support at 1.1325 and 1.1285. A break of the August low may cause a sharp decline. 


How to trade EUR/GBP?

The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.

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