EURUSD can still drop to 1.0770 and 1.0640

Hello friends, in my weekend analysis, I mentioned my plan to sell between 1.0875-1.0920 with SL above 1.0950 and TP at 1.0770.

Although EURUSD didn't drop to 1.0770, price definitely reversed lower after touching this zone yesterday.

In my opinion, EURUSD will head towards 1.0770 this weeks unless the elliptical zone that I have highlighted in my chart breaks strongly.

The plan is to keep selling the short term rallies as long the PRZ doesn't break.

Kommentera:

Just a small update. Since EURUSD isn't moving much, you can look at other Euro cross for a possible risk-off trades. For example, I had a decent success buying EURAUD yesterday( my followers already took advantage of this trade).

I think, looking for buys in pairs like EURAUD, EURNZD could be profitable.