EurUsd- Do we have a bottom? (Positional trade)
EurUsd- Do we have a bottom? (Positional trade)
All the month of October, EurUsd has traded in a range, hoovering around 1.15-1.16 zone.
This zone has acted as either support or resistance over the years.
Long term trend for the pair has changed in 2020, once EurUsd has
broken above the falling trend line and the drop from 1.25 is just a correction
to the overall bullish trend .For a positional trader can be a good opportunity for a buy trade
in the long run and, also, such a trade can have a great R:R if 1.25 is targeted
This zone has acted as either support or resistance over the years.
Long term trend for the pair has changed in 2020, once EurUsd has
broken above the falling trend line and the drop from 1.25 is just a correction
to the overall bullish trend .For a positional trader can be a good opportunity for a buy trade
in the long run and, also, such a trade can have a great R:R if 1.25 is targeted
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