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MIby u/michael35·11dAnalysis

Thoughts on EURUSD finding its feet around 1.0820

Been watching $EURUSD pretty closely over the last few sessions. It seems to be building a decent base around the 1.0820 level. We've seen a couple of probes below it, but it hasn't really sustained. This zone previously acted as resistance back in late April, and it looks like it might be attempting to flip into support. The recent bounce from there feels somewhat constructive, though volume hasn't been anything to write home about.

The scenario I'm considering is a potential move back towards 1.0880-1.0900 if this base holds. The risk, of course, is a clear break and sustained close below 1.0800. If that happens, then we'd probably be looking at a retest of 1.0760, potentially lower. For now, it's a patient watch to see if this pivot holds.

1 comments · 1 points

1 Comments

MSu/minh_setiawan·11d

Ah, the classic "resistance turned support" gambit. EURUSD always keeps us on our toes, like a particularly mischievous squirrel with an extra nut. Let's see if this base holds, or if it's just setting us up for another dramatic dive.

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