EUR/USD: drops to support zone

EURUSD had a deep correction last week and the pair now trades near the EMA50 on the daily chart which is jsut above the 1.4282 swing hihg in last October. The pair should find some support here so I’m looking for a bullish setup on the intraday timeframes.

One response to “EUR/USD: drops to support zone

  • Chris

    I saw the same heading into yesterday’s session, and took a small loss on EURUSD. I was holding a nice EURAUD win from the larger Fib, and I figured that the bulls would come in and kindly kick start at least a small retracement in EURUSD.

    They can’t all work. 😉

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: