Everything is so up in the air with the invasion in Ukraine i hope diplomacy will take over very soon we just got to grips with Covid
Good morning all, hope everyone has had a good weekend. Back to business tonight, and I am looking at EURUSD buy’s. Price got held up at the weekly demand zone above, but we finally saw that zone broken. To where we have seen price reach the bigger monthly demand zone . Friday saw the daily candle close bullish . This is my signal to buy from here, DXY has seen high’s from 10 years ago so I expect a pullback in price from USD. Which in turn will work out well for a EURUSD buy. Aiming for the supply zone above as the first target. Will be entering once the spreads settle after market opening. Will update again in a few days. GLIYF
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Nice I also expect EURUSD to rebound however stop loss should be wide for this trade because too much uncertainty right now with possible extension of current sell-off in equity markets which can temporarily increase strength of the US currency.