EurUsd- New leg of correction could start soon
After reaching parity last week, EurUsd started to fall again and at the time of writing is trading at 0.9744.
However, the fall looks corrective in nature and is drawing a falling wedge on our hourly chart.
0.97 zone is support now and a new leg up (correction to the overall long-term trend) can follow.
My strategy is to buy dips around this support with negation under 0.96 and a soft target around parity.
However, the fall looks corrective in nature and is drawing a falling wedge on our hourly chart.
0.97 zone is support now and a new leg up (correction to the overall long-term trend) can follow.
My strategy is to buy dips around this support with negation under 0.96 and a soft target around parity.
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