EURUSD: Buy Opportunity from The Strong Support
We could sell when the price bounced from SMA100. We could see when the price broke 1.10000 support. Now, the market keeps falling, and it is too late to catch this movement.
If we search for a new trade opportunity, it will be better to wait for a reversal signal and buy. The market will correct the downward movement, and the pullback should be our chance to make some profit in this market.
There is a good support zone at 1.08800, and it is the target for sellers. If the price reached this zone and we get a confirmed reversal signal, it will be a good buy opportunity. For now, this plan looks interesting. How it will be in several days, we will see. There will probably be new information from the chart and indicators. It will give us a new trading plan.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
If we search for a new trade opportunity, it will be better to wait for a reversal signal and buy. The market will correct the downward movement, and the pullback should be our chance to make some profit in this market.
There is a good support zone at 1.08800, and it is the target for sellers. If the price reached this zone and we get a confirmed reversal signal, it will be a good buy opportunity. For now, this plan looks interesting. How it will be in several days, we will see. There will probably be new information from the chart and indicators. It will give us a new trading plan.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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