EurUsd- Where to sell for HUGE profit?

28 дек. 2022 г.

Since the end of October, EurUsd has risen a lot, with the pair gaining more than 1000 pips from the bottom to the top. Also, since the recent high, the pair slightly corrected and now is trading in a narrow range with a bullish tendency. Although technically a new high is not out of the question, traders should be aware that this is just a correction to the longer-term trend and fundamentally nothing changed to sustain further gains.

Also, looking at a weekly chart we can see that EurUsd is testing a very important old support zone (now resistance) and there is a very high chance for a reversal from this zone.



In conclusion, rallies in this zone should be sold and a reward for such a trade could be fabulos in medium term if we target parity zone