Buyer Interest Emerges in EURUSD, Hinting at Upward Correction

After significant losses in recent weeks, signs of recovery are emerging in EURUSD. So far, there isn't a compelling reason for overly bullish optimism, but there are indications pointing towards a substantial correction of the downtrend. The volume profile reveals notable buying interest around the lows at 1.0624, and numerous resistance zones above the current price are poised to be tested. Particularly, the buying interest around the lows makes the demonstrated long trend appealing from our perspective.

Trade wurde manuell geschlossen:

Almost reached the target, but reversed at another resistance. So, we have exited the trade with a slightly lower risk-reward ratio, but still very profitable.