EUR USD struggling to provide any bullish price action
EUR USD struggling to provide any bullish price action
The Eur/Usd pair has been an absolute dumpster fire since the DXY went on its latest tear.
If it can't break up soon, expect yearly lows around 1.10260 to be retested.
A break there and there is basically no limit to the downside.
I plan to look for longs around the yearly lows, but will continue to short each bounce until the Fed can ease this dollar run.
Support levels are as follows:
S1
1.108
S2
1.1052
S3
1.1012
Resistance Levels:
R3
1.1215
R2
1.1188
R1
1.1147
The Eur/Usd pair has been an absolute dumpster fire since the DXY went on its latest tear.
If it can't break up soon, expect yearly lows around 1.10260 to be retested.
A break there and there is basically no limit to the downside.
I plan to look for longs around the yearly lows, but will continue to short each bounce until the Fed can ease this dollar run.
Support levels are as follows:
S1
1.108
S2
1.1052
S3
1.1012
Resistance Levels:
R3
1.1215
R2
1.1188
R1
1.1147
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