Recently, Two opportunities for SELL Entries were offered upon the recent upside movement towards 1.1880-1.1900. All target levels were achieved.
Early signs of bullish reversal were demonstrated around the recent price levels of 1.1600.
Shortly after, the EUR/USD pair has demonstrated a significant BUYING Pattern after the recent upside breakout above the depicted price zone (1.1750-1.1780) was achieved.
As mentioned in the previous article, the pair has targeted the price levels around 1.1920 which exerted considerable bearish pressure bringing the pair back towards 1.1800 which constituted a prominent KEY-Zone for the EUR/USD pair.
Thus, the pair remains trapped between the price levels of 1.1750-1.1900 until breakout occurs in either directions. Moreover, the price zone around 1.1840 stands as a prominent KeyZone to be watched for SUPPORT. That's why, bearish closure below which will probably trigger aquick bearish decline initially towards 1.1750.
Trade Recommendations :-
Currently, the price zone around 1.1840 and 1.1780 stand as significant SUPPORT-Zones to be watched for bullish rejection upon any upcoming downside movement. Exit level should be placed below 1.1750.
