Euro / DollaroShort
EUR-USD Local Support And Resistance Analysis!
Hello,Traders!
EUR-USD is trading in an uptrend
So our basic underlying bias is bullish
However, looking at the 1D TF we can see
That the horizontal resistance that we are seeing
On the chart above is a weekly resistance level
Which means that the soon breakout is
Somewhat unlikely therefore
We will be expecting a bearish correction
In the mid-term so these are the closest
Horizontal support levels to look at:
Horizontal Support 1= 1.06(weak)
Horizontal Support 2= 1.045
Horizontal Support 3= 1.025
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