Lingrid | EURUSD Hits DEMAND Zone with LONG Potential

28. Okt. 2024

EURUSD has reached the demand zone from which the price surged in August. The market experienced a fake breakout at the 1.078000 level, which may suggest a potential pullback. I believe the market could retrace towards the resistance level because it is maybe overextended, and the DXY has also reached a key resistance zone. On the 4H timeframe, the market has formed a bullish divergence, indicating a possible correction in the market. My target is resistance zone around 1.09190


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

2. Nov. 2024

Trade geschlossen: Ziel wurde erreicht

It hit target zone