Mihai_Iacob

EurUsd- Bottom could be in place. At least for now.

Long
FX:EURUSD   Euro / Dollaro
A few days ago I drew attention that, although the trend for EurUsd is strongly bearish, sellers should be careful at the proximity of a major support around 1.05.
The pair reversed yesterday exactly from this zone and is trading now towards 1.06.
In my opinion, a bottom could be in place, at least for now and traders should look to buy dips against this 1.05 level.
The target could be set around 1.07 resistance.

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