AlgoVenture

EURUSD Long - Price May Rebound

Lång
FX:EURUSD   Euro / USA-dollar
EURUSD has fallen significantly throughout the week but selling strength is also starting to diminish
As the dollar has reached 97 which is a key supply zone, the price is likely to fall and that will cause EURUSD to rebound and climb.
EURUSD is also seen supported by a 3-weeks supply zone and there's sign of reversal.
As today's the last trading day of the week, there's a high chance for large profit taking and that will definitely cause the price to rebound fast.
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