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GLby u/goldbug_lena·1mo

Any thoughts on $EURUSD retesting 1.0700?

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.

4 comments · 57 points

4 Comments

BMu/btc_maxi_dan·1mo

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

5
CRu/cryptojane·1mo

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

5
GBu/gold_bug_omar·1mo

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

0
STu/smoke_tester·1mo

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

0

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