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Saturday, December 12, 2020

Forex Forecasts: EURUSD an opportunity to buy

Forex Forecasts: EURUSD an opportunity to buy


Indeed, the EURUSD started in the bearish correction as we indicated in the selling opportunity this week, as the pair moves during the downside correction within a technical pattern, which is the widening triangle, targeting the uptrend and retesting the previous resistance at 1.2030, and thus a good opportunity to buy targeting 1.2354.

Buying is possible after breaching the widened triangle at 1.2173 if the pair rises without retesting the previous resistance.

from Trading Ideas
via gqrds

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