EURUSD – How strong are buyers?

2020-03-02 06:18:23

EURUSD – How strong are buyers?

Trend: Strong Sell

Support/Resistance:
R3: 1.10364
R2: 1.10141
R1: 1.10141
S1: 1.09572
S2: 1.09269
S3: 1.07715

Price action:
EURUSD currency pair is potencial if price can hold above first resistance level. If not then it is better to wait. But overall flow from buyers perspective has to rest for a while, to continue way up. So if price can break below first support level, then we can follow bears targets.

Potencial trade idea:

Bulls targets:
T1: 1.10141

Bears targets:
T1: 1.09572
T2: 1.07715

NOTE – We are trading EURUSD via the preferred trading setups