EURUSD hit profit taking as predicted & has almost exactly hit our target of 1.3310/00. A low for the day was expected here & this has held so far but a break lower looks more likely today & should target good support at 1.3250/40 for a buying opportunity at this stage. Exit shorts & try longs with stops below 1.3190.
1.3345/50 should be a challenge on any bounce but above here we can exit longs & try shorts in the 1.3400/20 area with stops above 1.3440 as a break higher can then target 1.3505/15.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in