EUR/USD/Flows and Orders/Technical Analysis

EUR/USD: 1.3080 feels pivotal all over again

We are back at 1.3080 again, just like we were this time yesterday albeit approaching the level from a different direction. I feel that this level is becoming very important; if the bulls can re-take and hold, then we may see the beginning of the next leg higher whereas if the bears can hold firm then we should see a deeper retracement in coming days towards 1.2915 https://www.tradingview.com/x/4zz0rUtD/.

It’s the levels where the big turnover happens which nearly always turn out to be pivotal.

 

Leave a Reply

Your email address will not be published. Required fields are marked *