EURUSD has been trending higher on the weekly timeframe. It is near its diagonal support line (grey hashed line and point D), where it is anticipated that the pair will pivot and resume its uptrend.
Buy Side Area of Interest: 1.1725 - 1.1740 for a long opportunity.
Confluence To Consider: The Daily Slow Stochs are in oversold territory at current prices.
We could see this pair regain momentum to the long side and challenge the nearest daily resistance level at 1.1950 later this week.
Buy Side Area of Interest: 1.1725 - 1.1740 for a long opportunity.
Confluence To Consider: The Daily Slow Stochs are in oversold territory at current prices.
We could see this pair regain momentum to the long side and challenge the nearest daily resistance level at 1.1950 later this week.