FX.co ★ berta.hill | EUR/USD
EUR/USD
At the moment, let's consider the movement of the instrument - EUR/USD. Currently, the currency pair is trading around local levels - 1.175, below the lower minimum - 1.173, which is now acting as a support level to cancel the positive direction. A buy signal for me would be the consolidation of currencies above the maximum - 1.189, with profit-taking targets then considered at medium-term highs - 1.186. In this case, the stop loss would be set below the price rounding - 1.177. I also do not exclude a downward direction as soon as sellers manage to push the price below the lower levels - 0.8334, which is currently an important range for decision-making. Consolidation below the minimum - 1.165, will give a sell signal.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade