See also
04.10.2023 08:19 AM
The EURUSD bulls controlled the price action around the key level of 1.0550-1.0600, leading to more bullish continuation towards 1.1000 and 1.1200.
The recent bullish movement pursued towards the resistance zone around 1.1200 where lack of bullish momentum seemed to exist.
On the other hand, the recent bearish pullback was facing a temporary support around 1.0950 where the short-term uptrend came to meet the pair.
After this trend reversal, price was expected to decline towards to the price levels of 1.0800 which stood as a temporary daily support before another bearish decline could happen.
Early signs of bearish breakdown of the depicted uptrend were executed. Since then, the EUR/USD pair has been declining for the past few days.
More bearish decline may be expected towards 1.0450 where a cluster of support zones are located. However, any upside pullback towards 1.0800 should be considered for a valid SELL Entry (backside of the broken uptrend).
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
