Trade Cautiously, EUR/USD Might Revisit 1.17 Support Level

in eurousd •  3 years ago 

In line with the previous idea about selling EURUSD at 1.2240 level, EURUSD has dropped significantly over the previous couple of weeks.

However, the fall might not be over yet. EURUSD bulls have not been able to stage any meaningful recovery so far and price has tilted to the downside once again.

If the bears continue their dominance, EURUSD may drop to 1.17 again. I recommend selling EURUSD , if price rallies towards the resistance at 1.20.

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3 years ago by

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