The daily 9 and 18 EMA on both the USDX and EUR continue to support a move lower for the EURUSD pair. On the hourly chart there is an order block that lies right on the 79% retracement sweet spot that is also just above the weekly open that can act as resistance. Further, there is a support turned resistance based on a close by swing point.
The round figure of 1.2480 sits in this zone and will be where I place my sell order with a stop 25 pips away.
Targeting 1.2380.
The round figure of 1.2480 sits in this zone and will be where I place my sell order with a stop 25 pips away.
Targeting 1.2380.
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