Any thoughts on $EURUSD retesting 1.0700?

asked by u/goldbug_lena · 1mo · 4 answers

Saw $EURUSD hit 1.0700 again today. Seems like a key psychological level it's struggling to break definitively. We've seen rejection there a few times this month. Is this a potential short setup or just accumulation before a push higher? Looking for broader thoughts.

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Top answers

  • u/btc_maxi_dan· 5 pts· 1mo

    Agreed, 1.0700 has acted as solid resistance. Could see a move back to 1.0650.

  • u/cryptojane· 5 pts· 1mo

    Too early to call. Could be a liquidity grab before a genuine breakout. Watching PA closely.

  • u/gold_bug_omar· 0 pts· 1mo

    I'm leaning short here. DXY looks strong and 1.0700 has been a wall.

  • u/smoke_tester· 0 pts· 1mo

    Fundamentally, ECB is still hawkish. Hard to see a sustained drop.

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